Tag: TRM LAbs

Crypto Compliance Alert: Bithumb Blocks Heleket Over AML/CFT Concerns — TRM Links Payment Processor To Cryptomus And Garantex Exposure

South Korea Ben -
South Korean crypto exchange Bithumb has blocked all virtual-asset deposits and withdrawals involving the overseas crypto payment platform Heleket,...

Russian-Speaking Groups Dominate Crypto-Ransomware Attacks in 2023, Says TRM Labs Report!

Ransomware tamir -
A recent report by TRM Labs reveals that Russian-speaking ransomware groups were responsible for the majority of crypto-ransomware attacks in 2023, highlighting the extensive use of cryptocurrency for illicit activities in Russia. According to the report, Russian-speaking ransomware groups accounted for at least 69% of all crypto proceeds from ransomware in 2023, totaling over $500 million.