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Foreign National Admits Guilt in $15 Million Bitcoin Ransomware Campaign Against U.S. Companies

Enforcement Actions Security Incidents

2026-07-13 11:22:22

BTC-1.88%

According to the U.S. Department of Justice, a foreign national extradited from abroad recently admitted his central role in ransomware attacks that disrupted U.S. businesses. The defendant pleaded guilty in federal court to conspiracy and computer fraud charges related to the Ryuk ransomware strain used in 2019 and 2020. Prosecutors stated that the defendant and co-conspirators illegally accessed computer networks of victim companies, including a Michigan-based firm that paid 200 bitcoin (approximately $1.1 million at the time), a company in Wilsonville, Oregon, and a school in Texas. The group received approximately 1,610 bitcoins in total ransom payments, valued at over $15 million at the time of payment.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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