This is a really long announcement: European and U.S. law enforcement agencies have just announced the shutting down of a company called LolekHosted.net.
It was used by cybercriminals to launch cyber-attacks across the globe.
Five of its administrators have been arrested, and all of its servers seized.
Alongside the arrests, hundreds of servers containing terabytes of data, computer equipment, and mobile phones have been confiscated.
According to the U. S. Department of Justice, Loleak Hosted facilitated the operation of ransomware attacks and the subsequent laundering of the illicit proceeds.
It also follows the sentencing of Mihai Ionut Paunescu in June 2023 for operating another bulletproof hosting service named PowerHost.
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