U.S. DOJ Identifies and Expenses LockBit Ransomware Gang Chief with Fraud, Extortion

by Jeremy

In a sprawling 26-count prison indictment unsealed Tuesday morning, prosecutors allege that Khoroshev, 31, developed, promoted and oversaw the LockBit software program, recruiting “associates” on cybercriminal boards who then carried out the precise ransomware assaults. As soon as a ransom was paid, usually in bitcoin (BTC), associates would give Khoroshev a 20% lower of their earnings, in response to the indictment.

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