US court sentences Ukrainian ransomware affiliate Artem Stryzhak to 70 months
- —Stryzhak worked with Nefilim from June to October 2021, handing 20% of ransom proceeds to its administrators
- —As a Hive affiliate he targeted at least seven victims, including healthcare providers and law firms
- —Losses linked to Nefilim and Hive operations exceeded $100 million
- —Accomplice Volodymyr Tymoshchuk remains at large, with an $11 million reward for information
Why it matters: The sentence signals that US authorities will keep pursuing ransomware affiliates even when the attacks originate abroad.
Source: Crypto Briefing