Embargo Ransomware Group launders Millions in Crypto, Targeting Critical Infrastructure

A new ransomware group known as Embargo is making headlines in the cryptocurrency world. This sophisticated cybercrime gang has targeted various sectors across the U.S., including healthcare facilities and critical infrastructure providers. Notably, they’ve amassed over $34.2 million in ransom payments since April 2024, primarily through high-risk crypto exchanges. Their RaaS (ransom-as-a-service) model enables them to launder funds obtained from victims and avoid detection.