🚹 Embargo Ransomware: $34M Crypto Heist Targeting U.S. Hospitals

Breaking: New Ransomware-as-a-Service group Embargo emerges as top cyber threat:

✔ $34M extorted since April 2024

✔ Hits pharma chains & hospitals (max ransom: $1.3M)

✔ Suspected BlackCat (ALPHV) rebrand

🔍 How They Operate

â–Ș Double extortion: Steal + threaten to leak data

â–Ș Crypto laundering: $18.8M sitting in dormant wallets

â–Ș Targets critical U.S. infrastructure for maximum payout

⚠ Crypto’s Dark Side

Ransom payments often flow through:

✔ Mixers like Tornado Cash

✔ High-risk exchanges

✔ USDT still dominant for illicit transactions

#CyberSecurity #Ransomware #USDT #CryptoCrime

Should crypto exchanges freeze ransomware funds? 👇 Debate below!

(Not financial advice. Report suspicious activity.) 🚔