"LockBit Ransomware Gang Has Over $110 Million in Unspent Bitcoin"

According to an analysis of hundreds of cryptocurrency wallets linked to the LockBit ransomware operation, the gang behind it received over $125 million in ransom payments over the past 18 months. After the LockBit takedown in Operation Cronos, the National Crime Agency (NCA) in the UK, with help from the blockchain analysis company Chainalysis, identified over 500 active cryptocurrency addresses. Law enforcement obtained 30,000 Bitcoin addresses that were used to manage the group's profits from ransom payments. Between July 2022 and February 2024, more than 500 of these addresses were active on the blockchain, receiving over $125 million. Over 2,200 BTC, or more than $110 million at the current exchange rate, remained unspent when the LockBit operation was disrupted. This article continues to discuss new findings following the takedown of LockBit.

Bleeping Computer reports "LockBit Ransomware Gang Has Over $110 Million in Unspent Bitcoin"

Submitted by grigby1