The U.S. Department of Justice announced a significant case development. The Southern District of Florida Federal Court has accepted plea agreements from two American men. These individuals admitted that from April 2023 until the end of the year, they operated the ALPHV (also known as BlackCat) ransomware, launching attacks on multiple U.S. victims. Through their extortion activities, they directly impacted interstate commerce. More importantly, court documents show that these two individuals and another co-conspirator siphoned off 20% of the ransom money extorted from victims to the ALPHV BlackCat operational team. In other words, this is a highly organized extortion crime involving a multi-tiered revenue sharing model. This case serves as a reminder to the crypto community that the commercialization of hacker organizations has become the norm, and users and businesses need to heighten their security awareness in Web3 asset protection.
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ShibaOnTheRun
· 16h ago
Black Cat's revenue sharing model is really outrageous, it feels like a legit company haha
If you ask me, this is the most authentic side of Web3—security awareness is a joke, most people don't even have enough money to be extorted
20% to upstream? The business chain is so clear, no wonder it's so rampant
I just want to know how these two guys were so stupid to get caught, why didn't other teams have any issues
Black Cat and extortion again, and the community is still talking about decentralization and freedom, it's hilarious
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ShibaMillionairen't
· 16h ago
Is Black Cat still taking 20%? These people really treat extortion as a business, it's completely a mafia startup.
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ProofOfNothing
· 16h ago
This is the real truth. Black Cat and the others have long been a formal army, and the division system is all set up.
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JustHodlIt
· 16h ago
Black Cat's revenue sharing model is really outrageous; it feels like ransomware has become a legitimate business now.
That's why I never touch anything unsafe; Web3 still needs to be cautious.
20% revenue share... how much do you have to earn to make it worth it, haha.
By the way, getting caught isn't too late; it's only a matter of time.
Don't tell me about safety awareness; these days, there's too much to watch out for.
The U.S. Department of Justice announced a significant case development. The Southern District of Florida Federal Court has accepted plea agreements from two American men. These individuals admitted that from April 2023 until the end of the year, they operated the ALPHV (also known as BlackCat) ransomware, launching attacks on multiple U.S. victims. Through their extortion activities, they directly impacted interstate commerce. More importantly, court documents show that these two individuals and another co-conspirator siphoned off 20% of the ransom money extorted from victims to the ALPHV BlackCat operational team. In other words, this is a highly organized extortion crime involving a multi-tiered revenue sharing model. This case serves as a reminder to the crypto community that the commercialization of hacker organizations has become the norm, and users and businesses need to heighten their security awareness in Web3 asset protection.