Embargo Hacker Group Laundered $34 Million via Crypto in Nine Months

Embargo Hacker Group Laundered $34 Million via Crypto in Nine Months

Key highlights: Embargo group laundered $34M via crypto targeting US healthcare and industries. Linked to BlackCat hackers; demands reached $1.3M per attack on hospitals. Group uses AI-enhanced phishing, exploits poorly regulated exchanges globally. The Embargo ransomware group cashed out $34 million through cryptocurrency transactions during just nine months of operation, according to analysis by TRM Labs.  Experts traced a complex money-laun…

Embargo Ransomware Group Tied to $34 Million in Crypto Payments: Report - CoinCodeCap

Blockchain intelligence firm TRM Labs has identified a ransomware group known as Embargo as having moved more than $34 million in crypto ransom payments since