LockBit ransomware affiliate gets four years in jail, to pay $860k

Russian-Canadian Mikhail Vasiliev, identified as a key member of the LockBit ransomware gang and linked to about 1,000 attacks and more than $100 million in ransom demands, was arrested in November 2022, pleaded guilty to multiple charges, and sentenced in Ontario to four years in prison with $860,000 in restitution; he also faces possible extradition to the U.S. The report further outlines LockBit's evolution as a major RaaS operation, the global law enforcement disruption and arrests, a U.S. reward offer, and the gang's attempts to resume activity via new infrastructure and data leak postings despite diminished apparent activity.