The United States seizes $1 million in Bitcoin and related servers from a Russian ransomware gang
ChainCatcher news reports that U.S. and international law enforcement agencies have seized 4 servers, 9 domain names, and approximately $1 million in Bitcoin, which are linked to a notorious Russian ransomware gang accused of attacking hundreds of institutions across critical sectors.The U.S. Department of Justice stated that the operation began on July 24, executed jointly by U.S. agencies along with those from Canada, Germany, Ireland, France, the UK, Ukraine, and Lithuania, targeting infrastructure associated with BlackSuit and Royal ransomware. Investigators believe that these two ransomware variants were developed by the same cybercrime group.Authorities claim that since 2022, the gang has extorted over $500 million in ransom, with a single ransom demand reaching as high as $60 million. It is alleged that they attacked more than 450 victims in the U.S. during this period, including hospitals, schools, police departments, energy companies, and government agencies, illegally profiting at least $370 million.The seized cryptocurrency was valued at $1,091,453 at the time of the seizure, originating from a digital wallet frozen by a trading platform in January 2024. According to court documents, these funds include a portion of Bitcoin ransom paid by a victim in April 2023, totaling $1.45 million.Victims of BlackSuit and Royal are typically required to pay ransoms in Bitcoin through dark web sites. Cybersecurity officials warn that operators of such malware often combine intimidation tactics with sophisticated data theft techniques, making it difficult to recover data without paying the ransom.