🚨 $1M Seized as US & Allies Hit BlackSuit Ransomware

[AIcash]

The US Justice Department, with help from international law enforcement, has taken down servers, domains, and $1M in crypto tied to the BlackSuit ransomware gang — a spinoff of the Royal group that’s been active since 2023.
️‍️ What They Did

Targeted critical infrastructure — healthcare, manufacturing, government facilities

Used double extortion: encrypting systems and threatening to leak stolen data

Demanded ransoms in BTC, often between $1M and $10M — one demand hit $60M

Since 2022: 450+ victims and $370M+ in ransom payments

The Seizure

One victim in 2023 paid 49.3 BTC (~$1.4M) to decrypt their data

A portion (~$1M) was traced through repeated exchange deposits/withdrawals until it was frozen

Operation involved DHS, Secret Service, IRS, FBI plus agencies from the UK, Germany, France, Canada, Ukraine, and Lithuania

️ Why It Matters

BlackSuit’s takedown is part of a broader push against ransomware gangs — but history shows that when one group falls, successors often emerge.

Example: Analysts say Embargo may be picking up where BlackCat left off

The ransomware economy is resilient, and crypto remains its payment rail of choice

Takeaway: Even as law enforcement ramps up crypto seizures, ransomware gangs are evolving. Critical infrastructure is still in their crosshairs — and Bitcoin is still their preferred ransom currency.

#CryptoNews #Cybersecurity #BTC #Ransomware #Blockchain