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Feds Say Ransomware Expert’s Miracle Cure Was Just Paying the Hackers

An indictment says Zohar Pinhasi's MonsterCloud billed ransomware victims millions for a decryptor it did not have, then paid the attackers a fraction of that fee.

Tarun Mottlia

Via Gizmodo

·Excerpt
Feds Say Ransomware Expert’s Miracle Cure Was Just Paying the Hackers
Image: © Shutterstock / Andrey_Popov

Zohar Pinhasi spent years telling ransomware victims his Florida company could get their files back without paying the attackers. But federal prosecutors now say Pinhasi’s firm simply paid the ransoms on behalf of victims at marked-up prices.

Pinhasi, 50, a U.S. and Israeli national from Hollywood, Florida, was arraigned Wednesday in federal court in Brooklyn on two counts of wire fraud and one count of conspiracy to commit wire fraud. He owns MonsterCloud LLC, which the charging document calls a…

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