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RUSSIAN CYBER GANGS DOMINATE CRYPTO CRIME Russian-speaking threat actors have taken a massive slice of the crypto crime pie. In 2023, they captured 69% of ransomware earnings, raking in over $500M. Leading groups Lockbit and ALPHV/Black Cat alone brought in $320M.… https://t.co/8L832CV8YY
RUSSIAN CYBER CROOKS RAKING IN THE BIG BUCKS Russian-speaking cyber-scammers are running the crypto crime scene! They snagged 69% of 2023's ransomware dough, bagging over $500M. Lockbit and ALPHV/Black Cat pulled in $320M alone. Russian DNMs? Crushing it with 95% of the crypto… https://t.co/jXoUFrTOo7
CRYPTO CRIME ALERT: BTC & MONERO DOMINATE Bitcoin still tops the charts for ransomware groups, even as Monero (XMR) gains traction for its privacy perks. Criminals are flipping BTC to USDT to sidestep market swings, with Tether's low fees making it a favorite. Altcoins,… https://t.co/WddH7aQwxV
A recent Europol report highlights that Bitcoin remains the most commonly exploited cryptocurrency by criminals. In 2023, Russian-speaking ransomware groups were responsible for nearly 70% of all crypto proceeds from ransomware, amassing over $500 million, according to TRM Labs. Leading groups such as Lockbit and ALPHV/Black Cat alone brought in $320 million. Additionally, Singapore has flagged a rise in the use of cryptocurrencies for terror financing, although cash remains the dominant method for such activities.
