Russian ransomware gangs account for 69% of all ransom proceeds

[rbc]

Russian-speaking threat actors accounted for at least 69% of all crypto proceeds linked to ransomware throughout the previous year, exceeding $500,000,000.

This number is from TRM Labs, a blockchain intelligence and analytics firm specializing in crypto-assisted money laundering and financial crime.

North Korea is the leader in stealing cryptocurrency through exploits and breaches, having stolen over a billion dollars in 2023. Asia also remains the leader in scams and investment fraud however, Russians reportedly dominate all other malicious activity involving crypto.
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Russian ransomware gangs account for 69% of all ransom proceeds