NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

US Government Plans To Pay Rewards To Dark Web Informants In Cryptocurrency

Asad Gillani
Asad Gillani
3 years ago
3 mins read
US Government Plans To Pay Rewards To Dark Web Informants In Cryptocurrency

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Informants who want to make quick bulk in cryptocurrency now have the opportunity. The US State Department offers rewards for people who’ll share information on hackers operating on the dark web.

The government sees their activities as a threat to the United States. As such, it is setting aside a total of $10 million to anyone willing to sell them out.

According to the information, the program is called “RFJ (Reward for Justice),” and anyone who identifies or locates hackers will benefit from the bounty.

Related Reading | Total Cryptocurrency Market Cap Value Surges Across $1.9 Trillion Setting A New Record

The hackers are described as anyone carrying out malicious cyber activities targeting the US infrastructure under the direction of any foreign government.

The RFJ Program Exist To Prevent Crime

The RFJ program has been existing since 1984. The US government has been paying out millions to informants under the program.

According to our sources, the government has spent at least $150 million on more than 100 informants who gave actionable information that stopped international terrorism.

In addition, there have been positive results from the program as it has led to the conviction of many criminals.

Apart from terrorism, the program cuts across ransomware issues, North Korea threats, terrorism financing, weapons of mass destruction, etc. From all indications, the activities of the dark web hackers are categorized under malicious cyber activities.

According to the State Department official, the program is very beneficial as it encourages many people to help in improving national security.

Many of these informants have received money earlier through suitcases filled with cash or through money transfers. But now, the department wants to explore cryptocurrencies as a means of paying out the rewards.

Why Cryptocurrency For The Program

The sources disclosed that the program is considering the crypto payment option to ensure efficiency and speed in payment.

US Government Plans To Pay Rewards To Dark Web Informants In Crypto

The crypto market rose above the $1.9 trillion a few prior and now the market seems to trade sideways | Source: Crypto Total Market Cap on TradingView.com

The crypto mechanism makes it easier to reach people faster. But, according to a former prosecutor in the US Justice Department, Erez Liebermann, the government should have been using Cryptocurrencies to pay its undercover sources or informants even before now.

Apart from Liebermann, many cryptocurrency advocates are happy about the news. Cryptocurrency supporters such as Neeraj Agrawal stated that they suspect that law enforcement agencies have been utilizing cryptocurrencies.

So, they are happy that the government is now showing interest in the sector and how beneficial it is to the economy.

Related Reading | Ukraine’s Security Service Closes Illegal Cryptocurrency Exchanges

But even with all the benefits of the technology, the Biden administration is aware of its risks. That’s why the government set up a task force to trace cryptocurrency payments in cyber-attacks.

There has been a lot of issues in the United States involving ransomware attacks. That’s why the Biden administration is fighting to bring hackers down.

For instance, two deadly ransomware attacks, the JBS and the Colonial Pipeline ransomware attack shook the US this summer.

A few months back, a group called DarkSide stole more than $90 million from Colonial Pipeline in the attack.

After one month, another company JBS lost $11 million to attackers. This is why the bounty has become a necessity to curb the activities of these wicked actors.

Featured image from Pixabay, chart from TradingView.com
Tweet123Share196ShareSend
Asad Gillani
Asad Gillani

Asad Gillani

Asad is a freelance writer. He is interested in cryptocurrencies, technology, and in particular the subject of online security. An open supporter of freedom of speech, privacy, and equality for all. On a personal level, he likes to stay socially active, loves playing snooker, cricket, enjoys seafood and loves listening to folk music.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

DeFi新幣AERO價格強勢暴漲80% Solaxy迷因幣募資破5,500萬美元即將上市

儘管中東局勢升溫讓全球市場情緒承壓,加密貨幣領域卻未完全陷入恐慌。市場總市值於6月19日略微下跌2.2%,投資者恐懼與貪婪指數依舊維持在65左右,顯示氛圍雖不火熱,但仍處於穩健的偏多區間。 在此背景下...

Mark Mak 3 hours ago
Bitcoin Sees Modest Gains, But Demand Weakness Limits Breakout Potential

Bitcoin Sees Modest Gains, But Demand Weakness Limits Breakout Potential

Bitcoin has resumed a slow climb upward after a recent period of consolidation, briefly breaking back above the $106,000 mark...

Samuel Edyme 4 hours ago
bitcoin

Bitcoin May Surprise Bears: $100K–$110K Range Shows Rising Short Interest

While Bitcoin (BTC) has remained range-bound – trading between $100,000 and $110,000 for about a month – both short and...

Ash Tiwari 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ChatGPT voorspelt: BTC koers riskeert crash onder $100k – kan Bitcoin instorten?

ChatGPT voorspelt: BTC koers riskeert crash onder $100k – kan Bitcoin instorten?

Lars Diederiksen 4 minutes ago
Solana, Aptos, memecoin, Avalanche, BNB

BNB Price Breakout Could Trigger ATH Rally Repeat – Is $730 The Next Stop?

Rubmar Garcia 1 hour ago
Bitcoin

Consolidation Takes Its Toll: Bitcoin Investors No Longer Greedy

Keshav Verma 2 hours ago

Premium Sponsors

Top Brands

Press Releases

  • The best investment era for XRP, DOGE, and BTC has arrived...

    8 hours ago
  • Crossing the fog of crypto market volatility, ETHRANSACTION...

    10 hours ago
  • Bitcoin

    ico...

    12 hours ago
  • Solaxy SOLX

    仮想通貨 おすすめ:Anthony Scaramucci が語る...

    12 hours ago
  • شعار عملة سولاكسي المستوحى من شخصية آينشتاين على كوكب الأرض محاطاً بأشخاص يحملون أوراقاً نقدية

    ...

    12 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.