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U.S. Court Seizes $8.37 Million in Crypto Assets from BlackCat/ALPHV Ransomware Collaborator

Kucoin • July 20, 2026

ME News reports that on July 20 (UTC+8), the U.S. District Court for the Southern District of Florida ordered the forfeiture of approximately 90.319 BTC, 7,999.873 XMR, and small amounts of XRP, XLM, and SOL held by Angelo Martino, a conspirator in the BlackCat/ALPHV ransomware scheme and former ransomware negotiator, with a total value of $8.37 million. The court also ordered the forfeiture of two Florida properties, along with vehicles and boats owned by Martino. Foresight News notes that since April 2023, Angelo Martino betrayed his employer, cybersecurity firm DigitalMint, and its clients by colluding with the BlackCat/ALPHV ransomware group to provide hackers with confidential negotiation details of victims—including insurance payout caps, internal negotiation positions, and strategies—to help maximize ransom demands and profit personally. He also participated in ransomware attacks targeting U.S. victims, assisting in the acquisition of approximately $75.3 million in total ransom payments. (Source: Foresight News)

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US Court Seizes $8.37M in Crypto from Ransomware Negotiator A U.S. District Court in Florida has seized approximately $8.37 million in cryptocurrencies and physical assets from Angelo Martino, a cybersecurity negotiator linked to the BlackCat ransomware group. Martino, who was supposed to negotiate on behalf of companies targeted by ransomware, instead leaked sensitive financial information to attackers, allowing them to increase ransom demands. The seized assets include 90.319 Bitcoin, 56,174.15 XRP, and 39,760.79 XLM, along with luxury homes and vehicles. Martino was convicted and sentenced to 70 months in prison, marking a significant step in holding insiders accountable for cybercrime. This case highlights the ongoing efforts of U.S. law enforcement to track and seize funds linked to cyber extortion. 4 sources 46

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U.S. Court Seizes $8.37 Million in Crypto Assets from BlackCat/ALPHV Ransomware Collaborator

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Extracted Entities

Attack Types (1)

MITRE ATT&CK (1)

Ransomware Groups (2)