TRM Labs: The Embargo ransomware group has transferred over $34 million in encryption assets since April.

Odaily News Ransomware group Embargo has transferred over $34 million in encryption assets related to ransom since April 2024, targeting U.S. hospitals and critical infrastructure, with a single ransom amount reaching as high as $1.3 million. The group is suspected to be operating under the renamed BlackCat (ALPHV) and currently holds approximately $18.8 million in unused encryption assets, laundering funds through high-risk exchanges and sanctioned platforms. (Cointelegraph)

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