US takes down sites, seizes $1M from crypto ransomware gang BlackSuit
Main Idea
The US has seized servers, domain names, and $1 million in crypto assets from the ransomware group BlackSuit, disrupting their operations and highlighting the threat they pose to public safety.
Key Points
1. The US Justice Department, along with international law enforcement agencies, seized servers, domain names, and around $1 million in cryptocurrency from the BlackSuit ransomware group.
2. BlackSuit has compromised over 450 victims in the US since 2022, receiving more than $370 million in ransom payments using double-extortion tactics.
3. Ransom demands from BlackSuit typically range from $1 million to $10 million in BTC, with the largest demand being $60 million.
4. The takedown was led by the US Department of Homeland Security’s Homeland Security Investigations, with assistance from agencies like the FBI, Secret Service, and IRS, as well as international partners.
5. A new ransomware group called Embargo may have emerged as a successor to BlackCat, with $18.8 million worth of crypto remaining dormant in unattributed wallets.
Description
US and international law enforcement agencies have taken down servers and websites linked to the BlackSuit ransomware group and seized $1 million in crypto.
Latest News
- SOL traders expect $250, but Solana data sends mixed signals2025-08-13 21:49:11
- Google Play sets new licensing rules on crypto wallet developers2025-08-13 21:36:36
- Altcoin Google searches hit highest since 2021 amid ETF, treasury moves2025-08-13 20:56:36
- A16z Crypto and advocacy group call for NFT, DeFi app safe harbor at SEC2025-08-13 20:27:37
- Canary Capital registers Trump Coin ETF in Delaware2025-08-13 20:08:27