Classifications & Affiliations
Type: Ransomware, Ransomware-as-a-Service (RaaS)
Operating independently within the ransomware ecosystem, the group shared tactical similarities with BlackMatter and Conti. These parallels suggest developers adapted successful features from other major ransomware operators while maintaining operational independence. Its affiliate program, modular design, and adaptability made it a standout in the RaaS landscape, cementing its reputation for flexibility and innovation.
Current Status: Activity declined substantially following Operation Cronos and the May 2025 infrastructure breach, though technical capabilities progressed with LockBit 4.0. Revenue collapsed from peak of $120 million to minimal earnings by April 2025. (Threat levels reflect the group's current activity level.)