U.S. Bans Crypto Addresses Tied to LockBit Ransomware Group From Financial System
Powered by @unfolded- The U.S. Treasury Department's Office of Foreign Asset Control (OFAC) named two Russian nationals and identified 10 bitcoin and ether addresses linked to ransomware operations.
- Law enforcement agencies involved in an international operation seized the organization's website and announced plans to distribute decryption keys to victims.
- The LockBit ransomware group, accused of stealing over $120 million from 2,000 victims, had its website and infrastructure seized by authorities in the U.S., U.K., and EU.
- The LockBit ransomware variant operates in a 'ransomware-as-a-service' model, recruiting affiliates to deploy it and maintaining a control panel to provide tools for deployment.