Maze ransomware gang retires from cyber crime
The statement released by the group suggests cryptocurrency market shifts might be pricing the group out of operations


The Maze ransomware gang, behind some of the most notorious attacks of 2020, has announced that it’s shutting down its operations for good.
The notorious group, first discovered in May 2019, built a solid reputation in a short space of time to encrypt all the files it can on infected systems before demanding a ransom to return the documents.
Maze distinguished itself from several other groups in the way it threatened to release the information over the internet should the ransom not have been paid. It’s a method that has since inspired other groups, such as Ryuk, Mount Locker and REvil, to set up their own sites and threaten public disclosure in a similar way.
The gang would have issued a warning that they were planning to release details of a security breach, or distribute commercially valuable information, and use stolen data to attack clients and partners.
Maze has been highly active over the last year and a half, most recently using its devastating strain to cripple the systems of several large companies, including Canon in August, as well as a Xerox in July.
The group, meanwhile, targeted the systems of several major organisations in June, including VT San Antonio Aerospace and MaxLinear, in attacks that involved hackers stealing large volumes of data. Cognizant, too, fell victim to Maze in April, in an attack which led to the loss of up to $70 million for the IT services provider.
“The Project is closed,” the press release said, according to cyber security expert Graham Cluley. “Maze Team Project is announcing it is officially closed. All the links to out project, using of our brand, our work methods should be considered to be a scam.
Sign up today and you will receive a free copy of our Future Focus 2025 report - the leading guidance on AI, cybersecurity and other IT challenges as per 700+ senior executives
RELATED RESOURCE
2020 Cyber Threat Intelligence (CTI) survey
How to measure the effectiveness of your CTI programme
“We never had partners or official successors. Our specialists do not works with any other software. Nobody and never will be able to host new partners at our news website. The Maze cartel was never exists and is not existing now. It can be found only inside the heads of the journalists who wrote about it [sic].”
The group continued to warn about the way that cryptocurrency markets are changing, with the value of digital currencies rising “higher and higher”, to the extent all Bitcoin will be concentrated in the hands of a few. The suggestion is that these market shifts may affect how lucrative the Maze group’s cyber crime antics may be in the future.

Keumars Afifi-Sabet is a writer and editor that specialises in public sector, cyber security, and cloud computing. He first joined ITPro as a staff writer in April 2018 and eventually became its Features Editor. Although a regular contributor to other tech sites in the past, these days you will find Keumars on LiveScience, where he runs its Technology section.
-
Box reveals new AI capabilities at BoxWorks 2025
News Extract and Automate will help businesses make better use of their data, the cloud company claims
-
Big tech CEOs are fueling the fire of AI confusion
Opinion Mixed messaging on the effectiveness of AI only raises fears that the technology will steal human jobs
-
Prolific ransomware operator added to Europe’s Most Wanted list as US dangles $10 million reward
News The US Department of Justice is offering a reward of up to $10 million for information leading to the arrest of Volodymyr Viktorovych Tymoshchuk, an alleged ransomware criminal.
-
Jaguar Land Rover “did the right thing” shutting down systems to thwart cyber attack
News The attack on Jaguar Land Rover highlights the growing attractiveness of the automotive sector
-
Ransomware attack on IT supplier disrupts hundreds of Swedish municipalities
News The attack on IT systems supplier Miljödata has impacted public sector services across the country
-
A notorious hacker group is ramping up cloud-based ransomware attacks
News The Storm-0501 threat group is refining its tactics, according to Microsoft, shifting away from traditional endpoint-based attacks and toward cloud-based ransomware.
-
Security researchers have just identified what could be the first ‘AI-powered’ ransomware strain – and it uses OpenAI’s gpt-oss-20b model
News Using OpenAI's gpt-oss:20b model, ‘PromptLock’ generates malicious Lua scripts via the Ollama API.
-
Data I/O shuts down systems in wake of ransomware attack
News Regulatory filings by Data I/O suggest the costs of dealing with the attack could be significant
-
Average ransom payment doubles in a single quarter
News Targeted social engineering and data exfiltration have become the biggest tactics as three major ransomware groups dominate
-
BlackSuit ransomware gang taken down in latest law enforcement sting – but members have already formed a new group
News The notorious gang has seen its servers taken down and bitcoin seized, but may have morphed into a new group called Chaos