Bitcoin was used to fund the hacks of the Democratic National Committee and Clinton campaign

The hacks of the Democratic National Committee and Clinton campaign, done by the Russian intelligence officers in 2016, were funded with $95,000 worth of Bitcoin and other cryptocurrencies. All these funds were used to purchase the domains, servers, and accounts involved in the cyber attacks. By switching form conspiracy to money launder the hackers managed to avoid direct relationships with traditional financial institutions, which allowed them to conceal their identities and sources of funds.
This case is a good example of showing that the types of cryptocurrency touches have broadened to the full spectrum of local crimes and national security issues.
Companies and individual people must take certain precautions against this growing phenomenon of cyber attacks; for that they should implement at least a cybersecurity solution, like an antivirus, to protect their systems. Necessary things like regularly updating operating systems, using antivirus for Windows or antivirus for Mac depending on which OS your device is using. Companies must also hire professional cybersecurity firms to do regular checkups to their internal network a couple of times per year. These checkups must always include a penetration test and various ethical hacking test.
Nowadays Bitcoin isn’t the most obvious choice for those looking to conceal their transactions and identities. Payments on the Bitcoin blockchain are far from untraceable, hackers are now using competing crypto-currencies, like Zcash and Monero, that have true privacy features. But the hackers still choose Bitcoin because using it the payments of goods and services take place in the most liquid and easy to use environment.
The DOJ traced the connections between entities on the Bitcoin blockchain to detect fraud and money laundering. For now, DOJ couldn’t confirm whether the famous Chainalysis software was used in the current investigation; blockchain analysis only focuses on intermediaries such as the exchanges that facilitate cryptocurrency purchases.
Many exchanges have anti-money laundering regulations which act as a link to forms of real-world identification, like addresses and bank accounts.
DOJ, also, says that the hackers took additional steps to conceal their tracks, by purchasing Bitcoin using prepaid cards and via peer-to-peer exchange; they also mined their own Bitcoin. With all those funds they acquired the domain, which disseminated the stolen materials, as well as the tools used in the spearfishing campaigns.
Thanks to this recent discoveries, on Wednesday, President Trump signed an executive order forming a Task Force on Market Integrity and Consumer Fraud—which focuses on digital currency fraud and money laundering—to coordinate investigations across federal agencies.
Keep in mind that every device has a significant value that must be protected by at least cybersecurity solution like an antivirus. Depending on which OS your device is running, install an antivirus for Windows or antivirus for Mac for total protection. Companies must take an extra step and hire a professional cybersecurity firm that will run various cybersecurity tests on your company’s network to implement only the best possible cybersecurity solution. Always opt for a package that includes at least a penetration test and ethical hacking test. For companies that exist 100% online, we recommend the using of cyber-secured web hosting services.