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Ransomware Group BlackSuit Hit Hard in $1 Million International Takedown

Key Takeaways

  • ​A joint US and international operation shut down BlackSuit’s systems and seized $1 million in cryptocurrency;
  • BlackSuit, active since 2023, targeted key sectors like healthcare and government using file-locking and data-leak threats;
  • The group attacked over 450 US victims and collected more than $370 million in Bitcoin ransoms.

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Ransomware Group BlackSuit Hit Hard in $1 Million International Takedown

A ransomware group known as BlackSuit has had its systems shut down and around $1 million in cryptocurrency taken by US and international authorities.

The Department of Justice revealed on August 11 that the operation took place on July 24.

US agencies, including Homeland Security Investigations (HSI), the FBI, IRS, and Secret Service, worked alongside police forces in the UK, Canada, Germany, Ukraine, Lithuania, France, and Ireland.

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BlackSuit, a spin-off from the Royal ransomware group, has been active since 2023. Authorities stated that the group focused on sectors essential to public services and daily operations, such as healthcare, government offices, and factories.

The group relied on ransomware that not only locked files but also threatened to leak data, a method used to pressure victims into paying.

According to investigators, BlackSuit has targeted over 450 organizations in the US since 2022. Payments sent to the group's wallets have totaled more than $370 million, with ransom amounts usually between $1 million and $10 million.

In 2023, one victim transferred 49.3 BTC BTC $111,084.99 , worth about $1.4 million at the time, to retrieve access to its systems. Some of that Bitcoin moved through a crypto exchange several times before the funds were frozen by the platform in early 2024.

Officials later identified $1 million from those transactions and seized it with a court order.

India's Enforcement Directorate (ED) reported that it froze assets worth about ₹42.8 crore (around $4.8 million) connected to Chirag Tomar, jailed in the US for a crypto scam. What did the agency say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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