This article was initially published on February 20, 2024. It was updated with a statement from LockBit admins on February 26, 2024.
Operation Cronos, the global law enforcement operation that took down LockBit, one of the world’s most harmful ransomware groups, is a major breakthrough in the fight against cybercrime.
The operation, announced on February 20, was led by the UK’s National Crime Agency (NCA) and the FBI.
Key Takeaways from the Ransomware Takedown
The results of the operation were unprecedented: on top of seizing LockBit’s data leak site and affiliate panel, law enforcement agencies seized 34 servers operated by LockBit, closed 14,000 “rogue accounts” involved with data exfiltration or the group’s infrastructure” and froze 200 cryptocurrency accounts linked to LockBit and its affiliates.
LockBit’s bespoke data exfiltration tool, known as Stealbit, was also seized.
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