The US government is offering hackers $10 million in cryptocurrency to help them track down cybercriminals

The US Department of State will use a $10 million bounty given in cryptocurrency to track down and identify “state-backed” cybercriminals. With a new initiative for the Rewards for Justice (RFJ) program, the US State Department (DOS) is attempting to combat cybercrime in the country. As a result, anyone who can provide information leading to the identification of state-backed hackers will be eligible for up to $10 million in cryptocurrency.

Black Hat Attendants are being targeted by DOS.

Hackers and cybersecurity experts flocked to the renowned cyber conference Black Hat Briefings last week. The State Department advertised the program by stamping a QR code on fliers and T-shirts that attendees could scan to get to the RFJ page, which had all of the program's details.

The RFJ channel is accessible via TOR, a browser that allows for anonymous research and communication. The dark web, as well as current technologies such as cryptocurrency and blockchain, are seen to be appropriate tools for DOS personnel.

“Something on the Dark Web that provides complete anonymity and a basic level of security would definitely be more acceptable for those people.

So, I believe, the name of the game for Rewards for Justice is simply finding people where they are and reaching out to them using the technology with which they are most comfortable.” In an interview with CNN, a State Department official said

In response to concerns about foreign hackers, the United States is beefing up its cyber security.

The Department of Homeland Security made the announcement privately a month ago, when the Biden administration determined it was time to beef up the country's cybersecurity.

Russian and Chinese authorities are accused by the administration of hacking into various US federal agencies and departments. The difference now is that, for the first time in the RFJ's four-decade history, informants can opt to be compensated in cryptocurrency.

“We offer wire transfers, we can still deliver — and do – suitcases full of cash, and we can offer in-kind incentives. And now a recipient will be able to select their preferred cryptocurrency.”

The Department of State did not say what other uses for cryptocurrency the government has. Nonetheless, they have stated that the Biden administration is still inclined to track cryptocurrency transactions for "cybersecurity concerns." The FBI did the same thing when the US oil company Colonial Pipeline paid over 2.1 million in BTC as ramson.

The Biden administration has been eager to enforce tighter cryptocurrency rules by backing the Warner amendment, which does more harm than good to the badly designed infrastructure package.

Despite the fact that Warner and many Democratic Senators, including Cynthia Lumis and Pat Toomey, banded together to draft a new and improved amendment, the effort was thwarted by Senator Richard Shelby, who was adamantly opposed to the proposal.


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