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   US government seizes $1 million from major Russian ransomware gang in a rare   
   win for the good guys   
      
   Date:   
   Tue, 12 Aug 2025 15:03:00 +0000   
      
   Description:   
   Retrieving crypto from ransomware gangs is extremely difficult, but the US   
   government managed to get some of it back.   
      
   FULL STORY   
      
   As the US government continues to dismantle the infamous BlackSuit (Royal)   
   ransomware group , new information has claimed more than $1 million in   
   cryptocurrency was confiscated from the threat actors.    
      
   Multiple US law enforcement agencies, including the Secret Service and the   
   Department of Homeland Security are involved in the dismantling of BlackSuit,   
   a Russian ransomware group which has allegedly attacked more than 450    
   US-based firms and stole more than $370 million in cryptocurrency since 2022.    
      
   The US government has said its operation resulted in the seizures of servers,   
   domains and digital assets used to deploy ransomware, extort victims, and   
   launder proceeds - among which is $1,091,453 worth of coins, valued at the   
   time of the theft.   
      
   How much was really confiscated?    
      
   Royal victims are typically required to pay ransoms in BTC by accessing a   
   darknet website. On or about April 4, 2023, a victim paid a ransom of   
   49.3120227 Bitcoin to decrypt their data, the announcement reads.    
      
   This ransom was worth $1,445,454.86 at the time of the transaction. A portion   
   of those proceeds ($1,091,453) was repeatedly deposited and withdrawn into a   
   virtual currency exchange account until the funds were frozen by that    
   exchange on or about Jan. 9, 2024.    
      
   A million dollars worth of crypto would mean the crooks tried to launder 38.7   
   bitcoin at the time. When it was frozen, on January 9, 2024, it was already   
   worth $1.78 million, and at press time, the same amount of bitcoin equals    
   $4.6 million.    
      
   Given the decentralized and immutable nature of cryptocurrency, retrieving    
   any amount is commendable. However, for BlackSuit, who stole hundreds of   
   millions, this is but a drop in the sea.    
      
   Furthermore, since no arrests have been made, it is only a matter of time   
   before BlackSuit restores its infrastructure and continues wreaking havoc   
   throughout the corporate world.    
      
    Via TechCrunch   
      
   ======================================================================   
   Link to news story:   
   https://www.techradar.com/pro/security/us-government-seizes-usd1-million-from-   
   major-russian-ransomware-gang-in-a-rare-win-for-the-good-guys   
      
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