ALPHV/BlackCat Fakes Law Enforcement Takedown to Scam Affili...
Blog post from Socket
The ALPHV/BlackCat ransomware group orchestrated an exit scam by falsely claiming a law enforcement takedown, deceiving affiliates, and significantly disrupting U.S. healthcare services, particularly with a $100 million-a-day impact due to the Change Healthcare cyberattack. Security researchers, including Fabian Wosar, identified inconsistencies in the alleged takedown notice, revealing it as a ruse while affiliates accused ALPHV of absconding with $20 million. The group reportedly received a $22 million Bitcoin transaction linked to the attack, and despite claiming they were victims of federal actions, they are selling their source code for $5 million, signaling a potential rebranding and continuation of their ransomware-as-a-service (RaaS) operations under a new identity. This situation highlights the instability and vulnerability in the ransomware ecosystem, particularly after the dismantling of notable groups like LockBit, underscoring how criminal organizations exploit limited regulation to scam both affiliates and victims, causing widespread collateral damage.
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