FBI Traces and Freezes Millions in Cryptocurrency Sent to Hackers in Caesars Casino Attack

The FBI has successfully traced and frozen millions of dollars in cryptocurrency sent by Caesars Entertainment to a group of hackers who had taken the casino's computer systems hostage. According to a recently declassified court document, analyzed by 404 Media and Court Watch, this operation allowed for the recovery of a portion of the extorted funds. The hackers had used ransomware to paralyze Caesars Entertainment's systems, demanding a ransom in cryptocurrency. The FBI's intervention helped limit the financial losses suffered by the company.