Global Law Enforcement Crackdown on LockBit Ransomware Gang Leads to Arrests and Decryptor Release

Law enforcement agencies have arrested two members of the LockBit ransomware gang in Poland and Ukraine, seized over 200 crypto-wallets, and released a decryption tool to recover encrypted files for free as part of a global crackdown operation called Operation Cronos. The operation also resulted in the takedown of LockBit's primary platform and other critical infrastructure, with over 14,000 rogue accounts identified and referred for removal. The gang had over 2,000 victims and collected more than $120 million in ransom payments, and the U.S. Justice Department has issued indictments against other LockBit threat actors.