DOJ Comot $1M Crypto from BlackSuit Ransomware, Tear Down Infrastructure
For one big crypto confiscation, di U.S. Department of Justice (DOJ) don recover about $1 million cryptocurrency from BlackSuit ransomware group and seize their related servers and domains. BlackSuit don dey active since 2022 and dem dey use double-extortion tactic take attack over 450 victims worldwide, collect $370 million ransom. This DOJ crypto seizure show say dem get strong forensic skills plus international law enforcement collaboration. By destroy the main infrastructure, the operation fit stop future ransomware attacks and improve cybercrime defense. Traders suppose sabi say regulatory eyes don dey watch illegal crypto flow well well and market fit change as enforcement strong.
Neutral
DOJ seizure di target bad money dem and inside infrastructure, e dey improve market security overall but e no get direct wahala for price moves. Past big crypto seizures never affect major coin prices. Short term traders fit see stronger enforcement as good for market integrity, but long-term effects dey depend on broader regulation developments no be just dis one action.