4 Arrests, Sanctions Follow Global Operation Against Lockbit Group

By: bitcoin.com|2024/10/22 15:02:16
0
Share
copy

Europol and multiple countries have taken a significant step against the notorious Lockbit ransomware group with four key arrests and international sanctions. A collaborative effort between France, the UK, and Spain led to the detainment of critical individuals, including a developer and a hosting administrator. The operation is part of a larger international crackdown known as Operation Cronos, which aims to dismantle ransomware networks like Lockbit, known for their extensive global impact between 2021 and 2023.

Global Sanctions Target Lockbit Ransomware Network in Joint Operation

Europol announced on Oct. 1 a major development in the fight against the Lockbit ransomware group, with four arrests and new financial sanctions. France, the UK, and Spain carried out coordinated actions that led to the arrests of key individuals linked to Lockbit, including a developer and a Bulletproof hosting service administrator. Europol detailed:

A suspected developer of Lockbit was arrested at the request of the French authorities, while the British authorities arrested two individuals for supporting the activity of a Lockbit affiliate. The Spanish officers seized nine servers, part of the ransomware’s infrastructure, and arrested an administrator of a Bulletproof hosting service used by the ransomware group.

These actions are part of Operation Cronos, a long-standing international law enforcement effort involving 12 countries and Eurojust. In addition to the arrests, multiple governments imposed sanctions against individuals associated with the ransomware group. Europol noted that Australia, the UK, and the U.S. issued sanctions against a Lockbit affiliate linked to Evil Corp.

 

Europol added:

The United Kingdom sanctioned fifteen other Russian citizens for their involvement in Evil Corp’s criminal activities, while the United States also sanctioned six citizens and Australia sanctioned two.

Lockbit has been one of the most active ransomware groups globally between 2021 and 2023, operating under a ransomware-as-a-service model. Law enforcement agencies, with Europol’s support, have been working to dismantle Lockbit’s infrastructure since February 2024. Europol also emphasized the role of the “No More Ransom” initiative, which offers free decryption tools for victims and has already assisted over six million individuals worldwide.

You may also like

a16z founder's Stanford lecture: Whenever Wall Street and Silicon Valley have different ideas, it's Wall Street that ends up being wrong

Ben Horowitz, co-founder of a16z, delivered a powerful talk: The two traditional moats of software in the AI era have been erased, and entrepreneurs must seek "new barriers" beyond code and UI.

Michael Saylor: After three consecutive quarters of losses, Strategy will sell Bitcoin to pay dividends

After MSTR's financial report showed continued net losses, Saylor changed his stance: Bitcoin is no longer "never to be sold" and can be used as a payment tool.

The toll station at Hormuz and the RMB that cannot be bought

The disorder of the US dollar is giving rise to a new situation in global settlement: gold is being redefined as a "bridge," the CIPS system is expanding rapidly, and global funds are quietly opening up a new channel for the renminbi, which is "hard to obtain."

Interview with Coinbase Institutional's Strategic Head: The Institutionalization of Crypto Reaches a Critical Point

Coinbase executives provide an in-depth analysis: Unfazed by short-term market panic, institutions are accelerating their entry, and tokenization along with the "exchange of everything" is about to completely reconstruct the global financial infrastructure.

Dialogue with Agora CEO Nick: The battle for stablecoin licenses has just begun

Agora strikes: officially applies for a federal trust bank license in the United States, elevating from a stablecoin issuer to "underlying financial infrastructure," targeting the trillion-dollar enterprise payment and B2B settlement market.

Morning Report | a16z Crypto completes $2.2 billion fundraising for its fifth fund; Bullish invests $4.2 billion to acquire share transfer agency Equiniti; PayPal's Q1 performance exceeds expectations

Overview of Important Market Events on May 5th

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com