A coordinated operation involving the FBI, NCA, Europol, and the Swedish police has significantly disrupted the LockBit ransomware group, a notorious cybercrime gang. The operation led to the exposure of nearly 200 affiliates and the group's bespoke data-stealing malware. In a move to further combat this threat, the U.S. State Department has announced a reward of up to $15 million for information leading to the identification or location of LockBit leaders. This announcement was made alongside the development of a decryption tool aimed at combating the ALPHV/Blackcat ransomware variant, closely associated with LockBit. Despite these efforts, security experts have raised concerns that LockBit-associated ransomware is still spreading due to exploitation of ConnectWise flaws, just days after the takedown was announced.