The U.S. Treasury's OFAC has sanctioned wallet addresses linked to Artur Sungatov and Ivan Kondratyev, members of the LockBit ransomware group.

LockBit is implicated in thefts totaling over $120 million, affecting 2,000 victims globally.

International law enforcement from 10 countries coordinated in Operation Cronos to combat LockBit, resulting in charges and asset freezes.

The operation successfully dismantled part of LockBit's network, seizing 34 servers and taking control of its technical infrastructure.

Ransomware payments associated with such cybercrimes reached over $1 billion in 2023, underlining the severity of the ransomware threat.