Tag: chainanalysis

Ransomware payments reached nearly $460 million in the first half of 2024, setting a new record and highlighting the increasing threat to large organizations. Last year, ransomware payments reached a record $1.1 billion. According to a Chainanalysis report, 2024 saw the largest ransomware payment ever recorded, at approximately $75 million to the Dark Angels ransomware group.

Reuters published an interesting report about the world's largest crypto platform Binance. According to the report, Binance processed transactions totaling at least $2.35 billion stemming from hacks, investment frauds, and illegal drug sales between 2017 and 2021. Crypto researcher Chainalysis concluded in a 2020 report that Binance received criminal funds totaling $770 million in 2019 alone, more than any other crypto exchange. The Reuters article is certainly worth reading.

In its press release of 19 October 2018, the Financial Action Task Force (FATF) calls on its members to...