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U.S. Authorities Seize $1.09M in Crypto Linked to BlackSuit Ransomware Gang
U.S. Authorities Seize $1.09M in Crypto Linked to BlackSuit Ransomware Gang
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BTCCSquare news:
U.S. authorities have dismantled part of the BlackSuit ransomware operation, seizing four servers, nine domains, and $1.09 million in cryptocurrency. The group, active since 2022, has targeted critical infrastructure and is linked to over $370 million in ransom demands. Emerging as a spinoff of the notorious Royal ransomware gang, BlackSuit adopted similar tactics to extort victims.
The July 24 operation involved a multinational effort, with agencies including the FBI, Homeland Security Investigations, and international partners from the UK, Germany, and others. An unnamed exchange froze the cryptocurrency earlier this year, which was later seized under a federal warrant.
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