Exit Scam: BlackCat Ransomware Group Vanishes After $22 Million Payout

Exit Scam: BlackCat Ransomware Group Vanishes After $22 Million Payout

March 6, 2024 at 11:27AM

BlackCat ransomware operators have shut down their darknet website in an apparent exit scam, following a fake law enforcement seizure banner. The group allegedly received a $22 million ransom payment, refused to share proceeds, and may rebrand in the future. Cybersecurity experts speculate the motives, citing possible internal concerns and financial gains. Other ransomware operations like LockBit and RA World are also facing disruptions.

Key Takeaways from the Meeting Notes:
– The threat actors behind the BlackCat ransomware have shut down their darknet website and are suspected to have conducted an exit scam.
– Security researchers have pointed out discrepancies in the alleged law enforcement seizure of the BlackCat infrastructure, casting doubt on the legitimacy of the takedown.
– There are reports that BlackCat received a $22 million ransom payment and refused to share the proceeds with an affiliate, leading to internal disputes and allegations of an exit scam.
– Speculations have arisen that BlackCat may be planning to rebrand and resurface in the future under a new identity.
– Other ransomware operations, such as LockBit and RA World, have also been the focus of recent law enforcement actions and cybersecurity revelations, reflecting a broader trend of criminal activities in the cyber realm.

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