Bullish
U.S. Court Seizes $8.37M in BTC, XMR, and Other Assets from Ransomware Accomplice
2026-07-20 08:59:30
Federal authorities confiscate crypto and real estate from former negotiator Angelo Martino, who aided BlackCat/ALPHV gang in extracting $75.3M in ransoms.
Woofun AI reports that the U.S. District Court for the Southern District of Florida has ordered the seizure of approximately 90.319 BTC, 7,999.873 XMR, and minor holdings of XRP, XLM, and SOL, valued at roughly $8.37 million. The court also mandated the confiscation of real estate, vehicles, and boats belonging to Angelo Martino.
Martino, a former ransomware negotiation expert, sold his firm DigitalMint in April 2023 to collude with the BlackCat/ALPHV group. He provided hackers with confidential victim data, including insurance limits and negotiation strategies, facilitating the extraction of approximately $75.3 million in ransoms from U.S. targets.
WOOFUN AI
Impact Assessment · Quick Read
The seizure of significant BTC and XMR holdings highlights increased regulatory enforcement against ransomware infrastructure. Confiscating assets from intermediaries like Martino disrupts the financial supply chain of cybercriminal groups. This action may deter third-party facilitators from aiding illicit operations, potentially tightening the ecosystem for ransomware profits.
Generated by WOOFUN AI · For reference only, not investment advice
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