Ransomware attacks are a growing global threat, with costs to businesses escalating into billions annually. TargetProof introduces an innovative solution: a collaborative Bitcoin mining pool designed not only to provide a sustainable financial reserve for businesses to address ransomware demands but also to incorporate a robust Ransom Recovery Initiative. Led by seasoned cybersecurity and law enforcement professionals, TargetProof aims to create a $250M reserve fund supported by state-of-the-art Bitcoin mining operations. This whitepaper outlines our vision, operational model, and investment opportunity for the crypto community.
The Problem
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Rising Ransomware Threats: Global ransomware attacks increased by 62% last year, with average ransom demands exceeding $5M.
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Financial Vulnerability: Many enterprises lack immediate liquidity to address ransomware demands, leading to prolonged downtime and reputational damage.
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Traditional Insurance Gaps: Ransomware insurance is costly, and payouts are often delayed or denied.
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Recovery Challenges: Once ransoms are paid, there’s often little to no effort to recover funds or pursue cybercriminals.
The TargetProof Solution
TargetProof combines the power of Bitcoin mining with a collaborative pool structure to:
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Establish a $250M reserve fund for verified ransomware payouts.
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Provide participating members with access to Bitcoin through a multi-signature wallet for discretionary use.
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Ensure equitable distribution of mining rewards and surplus funds.
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Incorporate a Ransom Recovery Initiative, leveraging expertise from former military and law enforcement to pursue the criminals and recover paid ransoms.
Key Features:
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Scalable Participation: Enterprises contribute an annual $500,000 hashrate commitment and $100,000 buy-in fee.
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Sustainable Reserves: Mining operations generate continuous BTC revenue, reducing reliance on direct financial contributions.
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Maximum Payouts: Members can access up to $5M in payouts per incident, with larger payouts requiring multi-signature approvals.
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Surplus Distribution: Funds exceeding the $250M reserve threshold are distributed equitably to members based on contributions.
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Environmental Commitment: TargetProof commits to using renewable energy for mining operations to mitigate environmental impact.
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Ransom Recovery: Active pursuit of cybercriminals to recover paid ransoms, adding a layer of financial and operational resilience through experienced cybersecurity leadership.
Operational Model
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Membership and Contributions
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Annual Contributions: Members provide $500,000 in hashrate contributions, equivalent to approximately 5 top-tier mining rigs.
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Buy-In Fee: A one-time $100,000 fee covers operational overhead and initial fund allocation.
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Maintenance Obligation: Members must sustain their hashrate contributions. Downtime is monitored by TargetProof, which may deploy fallback hardware at the member’s expense if obligations are unmet.
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Payout Process
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Members access their reserve holdings via a multi-signature wallet.
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Standard Payouts: Verified ransomware incidents up to $5M are authorized by TargetProof.
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Large Payouts: Payouts exceeding 10% of the total pool reserve ($25M) require multi-signature approval from all members.
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Mining Revenue and Surplus Distribution
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BTC generated through mining contributes to the $250M reserve fund.
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Surplus Distribution: Once the reserve threshold is met, surplus funds are distributed quarterly to members proportionally to their contributions.
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Ransom Recovery Initiative
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Led by experts with backgrounds in military and law enforcement, this initiative:
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Tracks and Traces: Follows the money trail of paid ransoms using advanced cyber intelligence techniques.
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Collaborates with Authorities: Works with international law enforcement to apprehend criminals.
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Recovers Assets: Employs legal and technological means to recover cryptocurrency where possible, enhancing the financial resilience of the pool.
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Investment Opportunity
Why Invest in TargetProof?
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High Demand Market: Addressing a multi-billion-dollar ransomware problem with a novel financial and recovery solution.
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Sustainable Model: Bitcoin mining revenue supports long-term reserves and reduces reliance on membership fees.
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Aligned Incentives: Investors benefit from growing membership, mining efficiency, and potential ransom recovery, while enterprises gain security and liquidity.
Projected Returns
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At a BTC price of $100,000:
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Pool Reserve: Requires 2,500 BTC to reach the $250M threshold.
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Annual BTC Generation per Client: Approximately 5 BTC ($500,000 value).
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Investor ROI: Scales with membership growth, surplus fund distributions, and successful ransom recoveries.
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Investor Roles
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Seed Funding: TargetProof seeks $10M to expand infrastructure, attract enterprise clients, and fund the recovery operations.
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Mining Partnerships: Investors can provide or lease mining hardware to increase Pool efficiency.
Governance and Transparency
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Multi-Signature Custody: All funds are secured through multi-signature wallets with transparent access.
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Decentralized Voting: Major decisions, including fund thresholds and surplus allocations, are governed by members through smart contract voting.
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Regular Audits: Independent audits ensure compliance and equitable fund management.
TargetProof invites the crypto community to join us in not only mitigating but also actively fighting back against ransomware by recovering paid ransoms. By investing in this collaborative mining pool, you become part of a scalable, sustainable solution that safeguards enterprises, potentially recovers assets, and generates tangible returns.
