"Law Enforcement Cracks Down on LockBit Ransomware Gang and Bitcoin Holdings"

The LockBit ransomware gang has accumulated over $110 million in unspent Bitcoin, with more than $125 million in ransom payments received over the past 18 months. The National Crime Agency (NCA) in the U.K., in collaboration with other agencies, identified and disrupted the group's infrastructure, uncovering 2,200 unspent bitcoins and discovering that the total ransom amounts are likely in the hundreds of millions. LockBit, which has been active since 2019 and targeted high-profile organizations, is one of the most prolific ransomware groups, with law enforcement agencies offering rewards for information on its members.