Embargo Ransomware Rebrand dey chop $34M Cryptocurrency

Since April 2024, Embargo Ransomware don dey collect pass $34 million for crypto money. Blockchain analytics from TRM Labs link Embargo Ransomware to di dead BlackCat (ALPHV), wey mean say dem don change name. Di group dey target US healthcare, manufacturing plus business services, dem dey ask for ransom till $1.3 million per case. Unlike normal ransomware-as-a-service model, Embargo Ransomware dey keep control of di infra and negotiation. Dem dey use double extortion, wey involve file encryption plus data kon dem steal and threaten to leak am. TRM Labs trace $13 million from regulated exchanges, but $18.8 million dey waka for wallets wey no get names make dem no fit detect am. Di group fit use AI to ginger phishing campaigns, change payloads and quicken reconnaissance. This kain move show say ransomware don dey smarter and crypto laundering still dey serious wahala.