​Embargo hackers cashed out $34 million via cryptocurrency in nine months



The Embargo hacker group cashed out $34 million via cryptocurrency in just nine months of operation. TRM Labs analysts traced the money flows from victims to dubious exchanges and mixers, uncovering a money laundering scheme that affects hospitals, pharmaceutical companies, and manufacturing facilities in the United States.

TRM Labs believes that Embargo is a reincarnated version of the infamous BlackCat/ALPHV group. The evidence? The technical similarities are obvious: the same Rust programming language for creating malware, similar website designs for publishing stolen data, and a common cryptocurrency infrastructure. It turns out that the old players simply changed their name, but continue to do the same “business”.

Embargo’s victims included American Associated Pharmacies, Memorial Hospital and Manor in Georgia, and Weiser Memorial Hospital in Idaho. The demands reached $1.3 million per attack. Attacks on medical institutions look especially cynical, since human lives depend on their work. #btc# #eth# #xrp# #sol# #ltc#
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