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Market News

Kaseya Denies Paying Ransom to Obtain The New Universal Decryptor

Kaseya reported it had obtained a universal decryption key that could be used by the organizations affected by the attack targeting its software.

Written By Dhara Chavda Dhara Chavda
Published 2021-07-26·Updated 7 months ago
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Last updated: December 6, 2025 5:00 PM
Published 2021-07-26
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Last updated: December 6, 2025 5:00 PM
Published 2021-07-26
Kaseya Denies Paying Ransom to Obtain The New Universal Decryptor

Software company Kaseya on Monday stated that it did not pay any ransom to obtain the universal decryptor. The ransomware attack affected nearly 1,500 organizations earlier this month. While Kaseya did not reveal any details on how they attained the decryptor, they confirmed that they did not pay the ransom.

Kaseya decided after consultation with experts to not negotiate with the criminals who carried out this attack, the company wrote in a statement. “As such, we are confirming in no uncertain terms that Kaseya did not pay a ransom – either directly or indirectly through a third party – to obtain the decryptor.”

The software company was hit by a ransomware attack before American Independence Day. The attack was linked with the Russian REvil cybercriminal group. Websites on the dark web used by REvil went dark days after the attack on Kasey. REvil had then demanded $70 million in ransom, later lowering the demand to $50 million.

On Thursday, Kaseya reported it had obtained a universal decryption key that could be used by the organizations affected by the attack targeting its software.

Some cybersecurity experts have noted that REvil was known to have stability problems, so its disappearance could have been due to a technical issue. Others, however, have noted that law enforcement action might have been responsible.

Also Read: Biden Admin Summons 30 Countries to Fight Against Ransomware

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dhara Chavda
By Dhara Chavda
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Dhara Chavda is a Research Analyst at The Crypto Times. She covers U.S. crypto regulation — including the CLARITY Act and GENIUS Act — DeFi security and major protocol exploits, and investigations into crypto fraud and enforcement actions. Her work emphasizes primary sourcing and on-chain verification over secondary commentary. Dhara joined The Crypto Times in 2020 and has followed every major market cycle since — the 2021 bull run, the 2022 Terra and FTX collapses, the 2023 banking turmoil, the 2024 spot Bitcoin ETF launch, and the 2025–2026 regulatory cycle — first assigning and reviewing the desk's coverage, and now writing it herself. Her reporting has been cited by international outlets including TheStreet and Argentina's La Nación. She holds a Bachelor of Engineering in Computer Engineering from Gujarat Technological University (GTU), which informs her technical reporting on on-chain data, smart contract analysis, and protocol architecture.

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