How the FBI Tracked, and Froze, Millions Sent to Criminals in Massive Caesars Casino Hack

A recently unsealed court document reveals that the FBI tracked and froze millions in cryptocurrency paid by Caesars Entertainment to the Scattered Spider group following an August 2023 ransomware attack, where a $30M demand was negotiated down to roughly $15M and paid in two Bitcoin purchases. The funds were intercepted as the attackers attempted to convert them to other cryptocurrencies. Around the same period, Scattered Spider also targeted MGM Resorts, which declined to pay and experienced more than a week of operational disruption.