SecurityBleepingComputerabout 1 hour ago
Ransomware Recovery CEO Charged Over Secret Payments
3 min read
Zohar Pinhasi, owner of Florida-based MonsterCloud, was charged with wire fraud for allegedly defrauding ransomware victims by secretly paying attackers. Prosecutors say the scheme ran from June 2018 to June 2023, facilitating over $8 million in payments while charging clients more than $19 million. Pinhasi pleaded not guilty and was released on a $2 million bond on September 23.
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