Deep Tide TechFlow News, on August 11, according to The Block, blockchain intelligence company TRM Labs released a report showing that the ransomware organization Embargo has processed approximately $34.2 million in illegal funds through cryptocurrency since April 2024. The organization primarily targets the U.S. healthcare, business services, and manufacturing sectors, or is restructured or a successor organization of the BlackCat/ALPHV ransomware group.

TRM Labs tracking shows that about $13.5 million has flowed to global virtual asset service providers, and $1 million was transferred through the sanctioned platform Cryptex.net. Currently, approximately $18.8 million remains stranded in unowned addresses.