DOJ and Europol Announce Disruption of Hive Ransomware

January 27, 2023

What is Hive ransomware? Hive ransomware has been one of the most prolific ransomware strains since launching in 2021, collecting at least $100 million in victim payments during that time, with some individual payments reaching into the tens of millions. We can see Hive representatives using the threat of data leaks as a negotiating tactic in the chat screenshot below. Hive was also one of many ransomware strains to rely on now-sanctioned cryptocurrency exchange Garantex to launder funds extorted from victims. It’s also possible that other ransomware strains’ infrastructure has been infiltrated by authorities in much the same way — we won’t know until there’s an announcement.