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

February 20, 2024
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“The LockBit ransomware variant, like different main ransomware variants, operates within the ‘ransomware-as-a-service’ (RaaS) mannequin, through which directors, additionally referred to as builders, design the ransomware, recruit different members — referred to as associates — to deploy it, and keep an internet software program dashboard referred to as a ‘management panel’ to offer the associates with the instruments essential to deploy LockBit,” the DOJ press launch mentioned.



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Tags: AddressesBanscryptoFinancialGroupLockBitOFACransomwareSystemTiedTreasurysU.S
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