Cryptocurrency is the lifeblood of ransomware gangs, and their illicit use of crypto could hit record numbers this year. While overall crypto proceeds, including
Crypto crime fell overall in the first six months of 2023, but the volume of payments to ransomware attackers surged and is on track for its second-biggest annual total on record, blockchain analytics firm Chainalysis said on Wednesday. Cryptocurrency prices have gradually risen this year, recovering after a string of bankruptcies at high-profile crypto firms in 2022 pushed down token prices and left investors with large losses. Crypto inflows to illicit services identified by Chainalysis - which include darknet markets, ransomware actors, malware, scams, fraud shops and child abuse material - hit $2.8 billion in the first six months of 2023, down 65% from $8 billion in the same period last year, Chainalysis said.
Ransomware actors are using the thing that verifies crypto transactions - mining - to their advantage. More criminals are laundering their ill-gotten gains by
Ransomware actors are using the thing that verifies crypto transactions - mining - to their advantage. More criminals are laundering their ill-gotten gains by