TrendMicro highlights the dangers of internet-facing routers and elaborates on Pawn Storm's exploitation of EdgeRouters, complementing the FBI's advisory from February 27, 2024. Cybercriminals and nation-state actors share an interest in compromised routers used as an anonymization layer, with cybercriminals renting out compromised routers and nation-state threat actors like Pawn Storm and Sandworm using dedicated proxy botnets. The analysis focuses on a criminal botnet of Ubiquiti EdgeRouters, disrupted by the FBI in January 2024, which Pawn Storm accessed in April 2022 for persistent espionage campaigns.