US Probes Ex-Employee at Crypto Firm DigitalMint in Ransomware Case

The U.S. Justice Department is investigating a former DigitalMint employee suspected of colluding with ransomware hackers for personal profit. Marc Jason Grens, the company's president, disclosed the alleged misconduct in a message to stakeholders.

DigitalMint, a Chicago-based cryptocurrency intermediary specializing in ransomware negotiations, terminated the individual immediately upon discovery. The firm emphasized it faces no investigation but is cooperating fully with authorities. CEO Jonathan Solomon highlighted swift action to protect clients.

The case underscores risks in the burgeoning ransomware mitigation industry, where firms like DigitalMint facilitate cryptocurrency payments to hackers. Global ransomware attacks now cost victims billions annually, with demands often exceeding seven figures in Bitcoin or other cryptocurrencies.