US govt seizes $1 million in crypto from BlackSuit ransomware gang
The U.S. Department of Justice (DoJ) seized cryptocurrency and digital assets worth $1,091,453 at the time of confiscation, on January 9, 2024, from the BlackSuit ransomware gang. The authorities tracked the crypto as the cybercriminals moved it repeatedly across virtual currency exchange accounts, depositing and withdrawing it to obfuscate the trace. Eventually, the amount was frozen when it reached a cooperating exchange. The action was made possible thanks to evidence collected by the U.S.