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MonsterCloud Owner Charged With Wire Fraud Over Ransomware

By Drooid · Oct 8, 2026, 4:40 PM UTC · How we work

Summary

Story summary

Zohar Pinhasi, owner of MonsterCloud, was charged with wire fraud for overcharging ransomware victims.
He collected $19 million from clients while paying $8 million to the attackers.
In 2023 he billed a client $150,000 but paid the gang only $8,200.
Pinhasi pleaded not guilty and was released on $2 million bail.
He faces up to 20 years in prison per count.

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Story summary

Zohar Pinhasi, owner of MonsterCloud, was charged with wire fraud for overcharging ransomware victims.
He collected $19 million from clients while paying $8 million to the attackers.
In 2023 he billed a client $150,000 but paid the gang only $8,200.
Pinhasi pleaded not guilty and was released on $2 million bail.
He faces up to 20 years in prison per count.