[Law] Thai authorities arrest 4 alleged Phobos ransomware operators

Summary: Four European hackers have been arrested by a coalition of Thai, Swiss, and US authorities for conducting ransomware attacks that impacted over 1,000 victims globally, racking up damages of approximately million. The operation dismantled a significant part of the Dark Web infrastructure associated with the 8Base ransomware gang. Two additional Chinese nationals were arrested for unrelated large-scale fraud involving significant asset seizures.

Affected: 8Base ransomware gang, various victim organizations worldwide, Swiss companies

Keypoints :

• Hackers used Phobos ransomware to target 17 Swiss companies, gaining unauthorized access to networks and demanding cryptocurrency ransoms.
• The operation, dubbed “Phobos aetor,” resulted in the seizure of over 40 items, including digital devices and wallets.
• In a separate case, two Chinese nationals were arrested for a large-scale scam, with significant assets seized and fraud charges filed against them.