The past few months have seen a new ransomware variant emerge that is being distributed by the TrickBot malware. The appearance of this new ransomware, named Conti, corresponded with an observed decrease in Ryuk deployments. This suggested that Conti is the “successor” of Ryuk. Some media outlets have also reported that Conti was an evolved version of Ryuk, suggesting that it has evolved from the RYUK source code. While this may have been true for very early samples, a Red Sky analysis of recent