U.S. Treasury’s OFAC Bans Crypto Addresses Tied to LockBit Ransomware Group From Financial System

Date:

Share post:



U.S. Treasury's OFAC Bans Crypto Addresses Tied to LockBit Ransomware Group From Financial System

“The LockBit ransomware variant, like other major ransomware variants, operates in the ‘ransomware-as-a-service’ (RaaS) model, in which administrators, also called developers, design the ransomware, recruit other members — called affiliates — to deploy it, and maintain an online software dashboard called a ‘control panel’ to provide the affiliates with the tools necessary to deploy LockBit,” the DOJ press release said.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Bitget Confirms $351.6M Hot Wallet Breach And Pauses Withdrawals

Bitget says unauthorized transfers affected approximately $351.6 million held across parts of its hot and warm wallet...

Investment Jensens Alpha Calculator | WikiFinancePedia

Investors need a way to track the performance of their funds or portfolios because the stock market...

Can AI Build Your Retirement Plan?

Can AI Build Your Retirement Plan? Posted by Anna Sergunina on Sep 25, 2026 ...

London investment broker enters special administration

London-based investment broker ITI Capital Ltd has entered special administration, three years after the FCA stopped it...