$10M US Bounty on LockBit Leader Accused of $500M Extortion

May 8, 2024
$10M US Bounty on LockBit Leader Accused of $500M Extortion
  • The US government has offered a $10 million bounty for the arrest of Dmitry Yuryevich Khoroshev, identified as the leader of the LockBit ransomware group.

  • LockBit is accused of extorting $500 million from over 2,500 victims globally, with Khoroshev personally making an estimated $100 million.

  • The ransomware group was responsible for a significant portion of ransomware attacks in Australia, accounting for 18% of them in 2022 and 2023.

  • The US Department of Justice has unveiled charges against Khoroshev for his alleged role in creating and managing the LockBit ransomware.

  • Sanctions, including asset freezes and travel bans, have been imposed on Khoroshev by the US, UK, and Australia as part of the international Operation Cronos campaign against cybercrime.

  • Law enforcement agencies have secured over 2,500 decryption keys and are providing support to LockBit's victims, while cybersecurity experts emphasize the ongoing threat of ransomware.

Summary based on 31 sources

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