Bullish
BlackCat Co-conspirator's $8.37M Crypto and Assets Seized by US Court
2026-07-20 07:51:07
US court orders forfeiture of 90.319 BTC, 7999.873 XMR, and real estate from BlackCat negotiator Angelo Martino, valued at $8.37M.
Woofun AI reports that the U.S. District Court for the Southern District of Florida has ordered the forfeiture of digital assets held by Angelo Martino, a co-conspirator in the BlackCat/ALPHV ransomware group. The seized crypto includes 90.319 BTC, 7999.873 XMR, and minor amounts of XRP, XLM, and SOL, totaling approximately $8.37 million. The BTC component is valued at roughly $5.84 million, while the XMR portion accounts for about $2.46 million, with other tokens contributing around $71,000.
In addition to the cryptocurrency, the court mandated the seizure of two Florida properties, vehicles, and a boat. Martino, who acted as a ransomware negotiator, received a 70-month prison sentence for leaking client negotiation details to attackers and participating in ransomware operations.
WOOFUN AI
Impact Assessment · Quick Read
The seizure of nearly $8.4 million in assets from a BlackCat negotiator highlights intensified regulatory scrutiny on ransomware infrastructure. With significant holdings in BTC and XMR, this action underscores the traceability of illicit flows despite privacy coin usage. Such enforcement actions may deter participation in ransomware ecosystems by increasing the financial risk for intermediaries.
Generated by WOOFUN AI · For reference only, not investment advice
Comments
No comments yet.