Ransomware recovery CEO indicted after allegedly paying hackers and pocketing millions

Authorities allege that Zohar Pinhasi, owner of MonsterCloud, ran a long-running fraud scheme promising proprietary ransomware decryption to victims while secretly paying ransoms and charging inflated remediation fees; prosecutors say hundreds of clients were charged over $19 million while roughly $8 million was paid to attackers, and Pinhasi now faces federal wire fraud charges and potential prison time.