DeFI News by Thebittimes.Com

The United States has revealed the supposed leader of crypto-ransomware group LockBit and is offering a $10 million bounty to anyone who can out key leaders from the hacking group.  The US Treasury Department outed Dmitry Yuryevich Khoroshev as the primary leader of Russia-based LockBit in a sanction issued today. According to US authorities, Khoroshev is behind the ‘LockBitSupp’ moniker and helped upgrade and manage LockBit. It also shared his Bitcoin crypto address: bc1qvhnfknw852ephxyc5hm4q520zmvf9maphetc9z. Malware-focused account vx-underground, however, claims that LockBit issued a statement to the FBI that reads, “The FBI is bluffing, I’m not Dimon, I feel sorry for the real Dimon))) oh, and he’ll get fucked for my sins))).” Vx-Underground additionally reports that Khoroshev’s information, including his address and food order history, was exposed, and that he has a fondness for Cheesecake Factory . Today’s US sanction included a $10 million reward...

Forty countries participating in the Counter Ransomware Initiative have agreed to stop paying ransoms demanded by cybercriminals, according to a senior White House official on Tuesday. Led by the US , the Counter Ransomware Initiative is an alliance launched in 2021 that now includes 48 nations, including Canada, A US tralia, Germany, South Korea, Japan, the UK, Kenya, Uruguay, Israel, and Ukraine. This year’s meet, hosted in the White House, has solidified a plan to counter the concerning increase in cyberattacks. The US is apparently the target of 46% of all ransomware attacks, according to the US deputy national security adviser for cyber and emerging technologies, Anne Neuberger. “As long as there is money flowing to ransomware criminals, this is a problem that will continue to grow,” she told reporters in a virtual briefing. Neuberger cited the recent cyberattack on cleaning product giant Clorox and attacks on Minneapolis public schools while describing the ...