U.S. Treasury’s OFAC Bans Crypto Addresses Tied to LockBit Ransomware Group From Monetary System

U.S. Treasury’s OFAC Bans Crypto Addresses Tied to LockBit Ransomware Group From Monetary System

by Jeremy

“The LockBit ransomware variant, like different main ransomware variants, operates within the ‘ransomware-as-a-service’ (RaaS) mannequin, by which directors, additionally referred to as builders, design the ransomware, recruit different members — referred to as associates — to deploy it, and preserve a web-based software program dashboard referred to as a ‘management panel’ to offer the associates with the instruments essential to deploy LockBit,” the DOJ press launch stated.

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