- New Bitcoin Exchange Hack - August 18, 2023
- Crypto Theft in New York – How a Moroccan Duped an American for $500,000 - August 17, 2023
- White Hacker Turns Black: $9M Crypto Heist - August 15, 2023
LockBit is a type of ransomware that encrypts files on a victim’s computer or network, making them inaccessible until a ransom is paid. It is distributed by cybercriminals as a service and spreads through methods like phishing emails and compromised connections. LockBit encrypts files using a strong algorithm and demands payment in cryptocurrencies. It can quickly spread across a network, evades detection, and disables backups.