Latest Research on INC and The Gentlemen Ransomware: Exposed AI Infrastructure
coinbasecartel Ransomware Group
Ransomware group profile
181Victims
United StatesSource country
82Impact score
Description
Coinbase Cartel is a cyber-extortion group that emerged in September 2025, focusing on data exfiltration to extract ransom rather than conventional ransomware tactics. They utilize partnerships with other cybercriminals and exploit stolen credentials to penetrate target systems, often leaving victims unaware until they demand payment. Their strategy emphasizes stealth and immediate financial gain through a unique extortion model without significant operational disruption.
Key insights
- •Coinbase Cartel specializes in data exfiltration for financial gain without encrypting files.
- •They primarily use old infostealer credentials to access cloud environments and FTP servers.
- •The group employs tactics like staged data leaks and a dedicated chat interface for ransom negotiations.
- •Their operation is characterized by partnerships with cybercriminals and bids for zero-day exploits.
- •Attacks are typically aimed at enterprise-level organizations across various sectors.
Threat Level & Status Breakdown
For coinbasecartel · Based on incidents in selected period
No victim data for this group in the selected period.
First seenOct 2025
Last seenAug 2026
Avg ransom—
Payment rate—
Statusactive
Sophistication0
Last updatedOct 27, 2026
Recent activity
Monthly attack count for coinbasecartel in the selected period
181Total attacks
45peak in Apr
16.5avg / month
↑ 31 vs first month
Intelligence
IOCs, YARA/Sigma rules, and related families for coinbasecartel
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TTPs & Attack Vectors
Tools, initial access, and MITRE ATT&CK techniques for coinbasecartel
Defense Evasion
T1036.005
Match Legitimate Resource Name or Location
T1070.001
Clear Windows Event Logs
T1562.001
Disable or Modify Tools
Discovery
T1018
Remote System Discovery
T1083
File and Directory Discovery
T1538
Cloud Service Dashboard
Execution
T1059.004
Unix Shell
T1059.006
Python
T1204.002
Malicious File
Impact
T1486
Data Encrypted for Impact
T1657
Financial Theft
Persistence
T1098.003
Additional Cloud Roles
T1136.001
Local Account
Affected countries(57)
Countries where this group has been reported to target or leak victims.
🇦🇪United Arab Emirates🇦🇷Argentina🇦🇹Austria🇦🇺Australia🇧🇪Belgium🇧🇬Bulgaria🇧🇷Brazil🇨🇦Canada🇨🇭Switzerland🇨🇱Chile🇨🇳China🇨🇴Colombia🇨🇾Cyprus🇨🇿Czech Republic🇩🇪Germany🇩🇰Denmark🇪🇨Ecuador🇪🇸Spain🇫🇷France🇬🇧United KingdomGibraltarGuadeloupe🇬🇷Greece🇬🇹GuatemalaGuam🇭🇰Hong Kong🇭🇷Croatia🇭🇹Haiti🇮🇩Indonesia🇮🇪Ireland🇮🇱Israel🇮🇳India🇮🇹Italy🇯🇵JapanKorea, Republic of🇲🇹Malta🇲🇺Mauritius🇲🇽Mexico🇳🇦Namibia🇳🇱Netherlands🇳🇿New Zealand🇵🇪Peru🇵🇭Philippines🇵🇰Pakistan🇵🇱Poland🇶🇦Qatar🇷🇴RomaniaRussian Federation🇸🇪Sweden🇸🇬Singapore🇸🇮Slovenia🇹🇷TurkeyTaiwan, Province of China🇺🇸United StatesVenezuela, Bolivarian Republic of🇻🇳Vietnam🇿🇦South Africa