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A leading internet service provider in Argentina, Telecom Argentina got hacked. Hackers re demanding 7.5 million $ in Monero (XMR) crypto.

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Nowadays hackers and thieves also become digital and they are asking extortion money in crypto and bitcoins. last week we saw a big tweeter hack where hackers tried to do scam with the bitcoin giveaway scam. they hacked famous twitter accounts like Barack Obama, bill gates, Elon musk, etc, and asking people to send them 1000$ in bitcoin and they will send them 2000$ in bitcoins.Twitter is still investing in this hack and also the Govt of America.

Now the news is coming that a big internet service provider Telecom Argentina S.A. hit by a ransomware attack and hackers are demanding not bitcoin they are demanding Monero (XMR). a private cryptocurrency. they are demanding about 7.5 million dollars in Monero (XMR) coins

The popular economist, trader, and cryptocurrency proponent, Alex Kruger, tweeted about the incident. The ransomware operators are now demanding for a 7.5 million ransom to be paid in order to unlock encrypted files.

Telecom was founded in 1990 and since then has become the largest telecommunication company in Argentina.

According to the local news outlet, the attackers have caused massive damage to the company’s network. They gained full control over the entire internal Domain Admin of the company’s network, where they installed and spread their ransoms payload to over18,000 workstations.

However, the attack has not affected users or telephone and internet services offered by Telecom Argentina. The internet, cell phones, and landlines remain unaffected.

The attackers have targeted and encrypted multiple company-owned Windows computers, which contain personal and sensible information. Several of Telecom Argentina’s official website went offline since Saturday.

The hackers are now demanding a ransom of 109,345.35 Monero (XMR) crypto of value $7.53 million. Telecom Argentina has until July 21st, 20:23 local time, to pay the amount. If the company fails to pay the funds required within the given timeframe, then the amount doubles to 218,690.Monero (XMR) ($15 million).

The hackers have presented guidance on how Telecom employees can make payment using Monero cryptocurrency, screenshot reveals. However, the company has not given its response to how it is managing the crisis or whether it is cooperating with the hackers or not.

Although, no hackers group has claimed to take the responsibility of the incident, several signs point towards one of the most popular organizations in the field – Ravil (Sodinokibi) – to be behind the horrible attack. The group has become famous for executing similar ransomware attacks.  

I think attackers don’t expect Telecom Argentina to pay such a big check, but they probably already have Monero (XMR) and want to sell it for a better price after the price pump. overall it is demanding the image of cryptocurrency in front of the whole world

JULY 20, 2020