DOJ Takes Down Ransomware Network, Seizes $9M in Cryptocurrency

Benzinga

The Justice Department and international partners have taken down a criminal ransomware network called Qakbot, which caused significant financial damage and targeted individuals, small businesses, healthcare providers, and government agencies. The operation, known as "Operation Duck Hunt," also seized nearly $9 million in cryptocurrency and involved redirecting Qakbot's cyber activity to servers controlled by U.S. investigators. While no arrests have been made, 52 servers were seized, and the investigation is ongoing.

Transcript

00:00 It's Benzinga and here's what's on the block.

00:02 The Justice Department and international partners have taken down a criminal ransom network

00:06 called QuackSpot, which caused significant financial damage and targeted individuals,

00:11 small businesses, healthcare providers, and government agencies.

00:15 The operation, known as Operation Duck Hunt, also seized nearly $9 million in cryptocurrency

00:19 and involved redirecting QuackSpot's cyber activity to servers controlled by U.S. investigators.

00:25 While no arrests have been made, 52 servers were seized and the investigation is ongoing.

00:30 For all things money, visit Benzinga.com.

00:32 [BLANK_AUDIO]

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