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In another report they were said to be people whose job was to hack into corporate networks and deploy the ransomware. In the original report the arrested people were mentioned as individuals that provided logistical and financial support. Usually, the most precarious moment for criminals is when their illegally obtained virtual currency is exchanged for a fiat currency, often referred to as a cash-out point. Successful cybercriminals know this and use mixers or tumblers to hide their tracks. Unmasking the flow of money is a matter of tying a real identity to one or more of the Bitcoin addresses in the chain. Users are pseudonymous, meaning that their activity is visible, but their identity isn’t.

Every payment is publicly visible to anyone and it’s easy to see how coins move from one address to another. The Bitcoin blockchain is an open and transparent ledger. Some people still believe that Bitcoin payments are completely anonymous and untraceable. Egregor is considered a variant of Ransom.Sekhmet based on similarities in encryption, obfuscation, API-calls, and its ransom note. The timing of the Maze retirement and the explosive growth of Egregor led security experts to believe that at least some of Maze’s team members created Egregor in cooperation with Egregor’s predecessor Sekhmet.The transfer of affiliates from Maze to Egregor before the Maze group announced its retirement.The similarity of their business models-both used the data exfiltration and extortion method that was introduced at a large scale by Maze.Many believe Egregor is a follow up to Maze, because of:

A great number of Egregor affiliates were formerly tied to the Maze ransomware. What is Egregor ransomware?Įgregor is a ransomware-as-a-service (RaaS) operation with multiple affiliates. Let’s start with the basic background information. While the arrests have not been formally tied to Egregor the statements and circumstances surrounding it have led to a lot of speculation. In a collaboration between French and Ukranian law enforcement, arrests have been made that might put a dent in one of the world’s most sophisticated ransomware operations.Īs reported first by France Inter, law enforcement made the arrests after French authorities traced ransom payments to individuals located in Ukraine.

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