Cryptocurrency Fraud , Fraud Management & Cybercrime , Ransomware
Authorities Uncover 30,000 LockBit Bitcoin Addresses Akshaya Asokan (asokan_akshaya) • February 23, 2024 Some cryptocurrency accounts associated with LockBit are now restricted - but many others aren't. (Image: Shutterstock)Cryptocurrency trading platform Binance restricted access to 85 accounts as part of an action against the LockBit ransomware affiliates, and authorities estimated that members of the now-defunct ransomware-as-a-service operation had pocketed "hundreds of millions" in ransom.
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Police from the United Kingdom, the United States, and Europe seized over 35 LockBit servers and replaced the group's dark web data leak page with a seizure notice on Monday. As part of the action dubbed Operation Cronos, police confiscated LockBit source code, affiliate back-end servers and a trove of data (see: Breach Roundup: More Fallout From the LockBit Takedown).
In an update on Friday, authorities said they had identified 30,000 bitcoin wallets linked to the ransomware group as part of an operation conducted with crypto research firm Chainalysis.
The actions resulted in Binance seizing 85 accounts tied to the group, although authorities estimate more than 500 affi ..
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