Overview

• The U.S. State Department is offering rewards totaling $15 million for information leading to the identification, location, arrest, or conviction of members of the Hive ransomware gang.
• Hive has extorted over $100 million from victims in more than 80 countries, including hospitals, schools, and financial institutions.
• The FBI infiltrated Hive's network in July 2022, capturing decryption keys and preventing $130 million in ransom payments.
• Chainalysis reports ransomware payments hit a record $1.1 billion in 2023, with Hive's takedown contributing to a decrease in payments.
• The rewards are part of the Transnational Organized Crime Rewards Program, aimed at disrupting global crime networks threatening critical infrastructure.