On July 24, U.S. and international law enforcement agencies dismantled the Russian ransomware group, seizing over $1 million in related Bitcoin.
This operation targeted the two ransomware variants BlackSuit and Royal, which have extorted over $500 million since 2022, with illegal profits of at least $370 million.
MAIN CONTENT
U.S. and international agencies coordinated to seize the servers and cryptocurrency assets of the Russian ransomware group.
The two ransomware variants BlackSuit and Royal have caused over $500 million in damage since 2022.
The blocked Bitcoin amount originates from a $1.45 million ransom payment made in April 2023.
When and how did the Russian ransomware case unfold?
On July 24, the U.S. Department of Justice and global law enforcement agencies conducted an operation to dismantle the Russian ransomware group by seizing four servers, nine domains, and approximately $1 million in Bitcoin.
This coordinated operation directly targeted the ransomware networks of BlackSuit and Royal, which pose a major threat due to their hundreds of millions of dollars in profits from online extortions.
The seizure of valuable cryptocurrency assets and the network infrastructure significantly impacts their operational capacity and ongoing damage.
How much damage have the BlackSuit and Royal ransomware groups caused since 2022?
According to reports, this ransomware group has conducted extortion schemes totaling over $500 million, with illegal profits of around $370 million.
These figures demonstrate the enormous scale of this cybercrime activity, causing many businesses and organizations around the world to suffer significant financial and reputational damage.
The ability to obtain huge amounts of money from cyberattacks demonstrates the sophistication and global scale of this group.
Which incident does the blocked cryptocurrency originate from?
A portion of the blocked Bitcoin assets valued at approximately $1 million originates from a $1.45 million ransom payment made by victims in April 2023.
The blocking of these assets not only prevents the group from reinvesting in criminal activities but also provides authorities with additional evidence to strengthen the case and expand the investigation scope.
This investigation marks a significant turning point in reducing ransomware attacks globally, while sending a strong warning to cybercriminal groups.
U.S. Department of Justice spokesperson, 2023
What is the impact of this campaign on cybercrime activities?
The seizure of cryptocurrency assets and digital infrastructure has severely harmed the ransomware group, disrupting their criminal network and limiting their future extortion capabilities.
This is seen as a significant blow to halt the flow of illegal finances, while enhancing legal measures and bolstering global cybersecurity.
The investigation is still ongoing, with the potential for additional charges to completely dismantle this group.
Frequently Asked Questions
When did the ransomware group dismantling operation take place?
The operation was carried out on July 24, 2023, in coordination with the U.S. Department of Justice and international agencies.
How much ransom did the BlackSuit and Royal ransomware groups extort?
These two groups have extorted over $500 million since 2022, with illegal profits of at least $370 million.
Where did the seized Bitcoin assets come from?
Most of the blocked assets are related to the $1.45 million ransom paid by victims in April 2023.
What does this campaign mean for cybersecurity?
This is a crucial turning point in mitigating cybercrime activities and enhancing international cooperation on cybersecurity.
How might the investigation following this campaign continue?
The investigation is still expanding, which may lead to further charges and prosecutions to fully address this ransomware group.
Source: https://tintucbitcoin.com/bitcoin-us-tich-thu-tai-san-ransomware-nga/
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