US Seizes $1M in Bitcoin from Russian Ransomware Gang

US Seizes $1M in Bitcoin from Russian Ransomware Gang

US Seizes $1M in Bitcoin from Russian Ransomware Gang The US government has taken a major step in the fight against cybercrime, announcing the seizure of $1 million in Bitcoin from a notorious Russian ransomware gang responsible for the BlackSuit and Royal malware. This operation, backed by an international coalition of law enforcement agencies, also saw the shutdown of multiple servers and domains used by the criminals. The focus of the seizure—recovering cryptocurrency obtained from ransom payments—marks a critical move in disrupting the gang’s financial lifeline. By targeting both the infrastructure and illicit profits, authorities are aiming to weaken the group’s ability to strike again. Image Credits:alexsl / Getty Images A Coordinated Global Effort Against Cybercrime According to the Department of Justice, the operation took place on July 24 and involved agencies from the US, Canada, Germany, Ireland, France, the UK, and several other countries. Investigators successfully seized fou…