Chainalysis Report Reveals Rising Sophistication in Crypto Crime
The 2025 crypto crime report by Chainalysis has highlighted a rise in the sophistication of criminal activities. The firm estimated...
ransomware
US, UK, Australia sanction Zservers for hosting crypto ransomware LockBit
Ten countries launched a joint operation to disrupt LockBit in February 2024, saying the group had caused billions of dollars...
35.82% YoY Decrease in Ransomware Payments
The ransomware landscape experienced significant changes in 2024, with cryptocurrency continuing to play a central role in extortion. However, the...
Crypto ransomware revenue drops 35% to $813 million in 2024 amid tougher crackdowns and victim resistance
The crypto industry saw ransomware payments decline by 35% in 2024, falling to $813 million from the previous year’s $1.25...
OFAC Flags 10 Wallet Addresses Linked to LockBit Affiliates in Ransomware Crackdown
The Treasury Department’s Office of Foreign Assets Control (OFAC) included numerous wallet addresses associated with two individuals from Russia in...
LockBit ransomware gang has over $110 million in unspent bitcoin
The LockBit ransomware gang received more than $125 million in ransom payments over the past 18 months, according to the...
LockBit Ransomware Gang Broken Up After Taking $120 Million in Bitcoin
LockBit, described by law enforcement officials “as one of the world’s most prolific ransomware gangs,” has been dismantled in a...
What is Crypto Ransomware? – Check Point Software
How Does Crypto Ransomware Work? A ransomware attack is a multi-stage process including everything from initial access to demanding a...
Chainalysis Reveals Record-Breaking $1 Billion in Ransomware Payments in 2023
Ransomware made a comeback in 2023 – with record-breaking payments and a substantial increase in the scope and complexity of...
ICBC forced to trade with USB drive due to ransomware attack
The U.S. wing of Industrial & Commercial Bank of China Ltd. (ICBC) was forced to execute trades through a USB...