"Ptitsyn appears to have been part of the administration team, which offered malware and infrastructure that affiliates could use to target victims and obtain ransom payments. The Phobos operation emerged in 2019 and targeted more than 1,000 organizations worldwide, with cybercriminals believed to have obtained over $16 million in ransom payments."
"The US Justice Department announced on Wednesday that Ptitsyn has now pleaded guilty to wire fraud conspiracy, for which he faces up to 20 years in prison. According to authorities, Ptitsyn was involved in the Phobos scheme since at least November 2020, helping with the sale, distribution, and operation of the ransomware."
Evgenii Ptitsyn, a 43-year-old Russian national, pleaded guilty to wire fraud conspiracy charges related to the Phobos ransomware operation. Arrested in South Korea in June 2024 and extradited to the United States in November, Ptitsyn served on the administration team that provided malware and infrastructure to affiliates. He participated in the scheme since at least November 2020, facilitating the sale, distribution, and operation of ransomware. The Phobos operation, active since 2019, targeted over 1,000 organizations globally and generated more than $16 million in ransom payments. Sentencing is scheduled for July 15, with Ptitsyn facing up to 20 years imprisonment. US and European authorities have conducted multiple takedowns and arrests targeting the operation.
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