Wednesday, September 27, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Scam News

Crypto ransomware has grown and so has its role in geopolitical conflicts: Chainalysis

by ethozedge
February 11, 2022
in Scam News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter


  • The blockchain forensics firm has said that with continued identification of more events, 2021 numbers could eclipse the figures recorded in 2020
  • The report also found that Russian-based Conti led in ransomware attacks last year

Chainalysis’ recently released report on crime in cryptocurrencies in 2021 has indicated that 2021 ransomware payments reached $602 million, a figure less than 2020’s. On average, the amount paid per ransomware event was $118,000, compared to $88,000 in 2020 and $25,000 the year before.

However, Chainalysis noted that the figure for 2020 (which has now been estimated to be $692 million) sat at $350 million at the time of publication of the previous report. However, other hacks events have since been identified hence the adjusted figure.

Therefore, the report insisted that 2021’s figure could grow to beat 2020’s figure as more discovery of ransomware addresses is done.

“Anecdotal evidence, plus the fact that ransomware revenue in the first half of 2021 exceeded that of the first half of 2020, suggests to us that 2021 will eventually be revealed to have been an even bigger year for ransomware,” the report stated.

Conti, whose participation was indirect, leads the way

Further details of the report revealed that Russian hacking group Conti was the biggest beneficiary of these hacks. Conti attackers bilked more than $180 million from their targets by using a ransomware-as-a-service (RaaS) strategy, implying that Conti furnished affiliated associates with ransomware software at a fee.

The report observed that the number of active ransomware strains had increased year over year from 119 in 2020 to 140 in 2021. This figure was 79 in 2019, evidence of massive growth in ransomware over the last two years.

It also pointed out that Conti was really the only strain that remained active all through the year, unlike the rest, which appear periodically.

“Conti was the one strain that remained consistently active for all of 2021 and, in fact, saw its share of all ransomware revenue grow throughout the year. Overall though, Conti’s staying power is increasingly outside the norm,” the report read.

Chainalysis additionally noted that a popular trend that emerged last year was that some strains were shutting down publicly only to relaunch with a different name. However, as the blockchain footprint of the money aligned with the prior organisation, the new entity would get exposed to authorities.

Another Russian group that has made it to the top of the charts is Darkseid, which infamously held the US Colonial Pipeline hostage for several days forcing it to shell out $5 million. The gang obtained up to $75 million via similar hacks throughout the year.

The analytics firm concluded that ransomware had become a tool in geopolitical disputes, with Iran touted as the perpetrator with the most suspected links to ransomware strains.



Source link

Tags: bitcoin newsChainalysisconflictsCryptocrypto analysiscrypto newsEthoz EdgegeopoliticalgrownLatest bitcoin newslatest crypto newsransomwarerole
Share76Tweet47

Related Posts

BBC highlights Sam Bankman-Fried with ‘Downfall of the Crypto King’ show

by ethozedge
September 25, 2023
0

BBC looks at “Sam Bankman-Fried, the mop-haired, nerdy maths genius who set out to transform the world of crypto but...

Ex-Deutsche Bank investment banker faces up to 30 years behind bars

by ethozedge
September 20, 2023
0

The former Deutsche Bank employee, Rashawn Russell, was arrested in April 2023. Russell is accused of causing at least 29...

FTX sues founder Bankman-Fried’s parents

by ethozedge
September 19, 2023
0

FTX has sued the parents of Sam Bankman-Fried. The bankruptcy estate of the collapsed crypto exchange says founder and former...

The rapid rise of cryptocurrency romance scams

by ethozedge
September 16, 2023
0

The following is a guest post from Brendan Cochrane and Katya Gozias.“Pig butchering” scams, where victims are “fattened” up with...

crypto exchange Remitano hacked for over $2.7 million

by ethozedge
September 15, 2023
0

A suspicious transaction involving $2.7 million was flagged at Remitano. Tether has frozen an address believed to be associated with...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

XRP Bucks The Trend As Institutional Funds Inflows Spikes 700%

September 26, 2023

Christo and Jeanne-Claude’s foundation begins to define its scope and goals, including executing the artists’ final, gargantuan project

September 26, 2023

Pantera Capital Says One Ethereum Layer-2 ‘High on the List’ of New Crypto Opportunities

September 26, 2023

Bitcoin Price (BTC) Barely Holds $26K as Interest Rate Surge Continues

September 26, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$26,257.00-0.10%
  • ethereumEthereum(ETH)$1,592.470.20%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$212.390.64%
  • rippleXRP(XRP)$0.50-0.62%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$1,592.250.21%
  • cardanoCardano(ADA)$0.245162-0.54%
  • dogecoinDogecoin(DOGE)$0.060700-0.51%
  • solanaSolana(SOL)$19.06-1.63%
  • tronTRON(TRX)$0.0850770.66%
  • ToncoinToncoin(TON)$2.13-1.06%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.020.37%
  • polkadotPolkadot(DOT)$4.00-1.77%
  • matic-networkPolygon(MATIC)$0.51-2.22%
  • litecoinLitecoin(LTC)$63.84-1.13%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.43%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,232.00-0.14%
  • bitcoin-cashBitcoin Cash(BCH)$215.681.72%
  • chainlinkChainlink(LINK)$7.31-2.80%
  • daiDai(DAI)$1.000.00%
  • true-usdTrueUSD(TUSD)$1.000.07%
  • leo-tokenLEO Token(LEO)$3.66-3.42%
  • uniswapUniswap(UNI)$4.300.27%
  • avalanche-2Avalanche(AVAX)$9.050.48%
  • stellarStellar(XLM)$0.111984-0.47%
  • moneroMonero(XMR)$144.250.16%
  • okbOKB(OKB)$43.03-0.49%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • binance-usdBUSD(BUSD)$1.000.12%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.13-0.61%
  • cosmosCosmos Hub(ATOM)$6.97-1.31%
  • hedera-hashgraphHedera(HBAR)$0.049029-2.57%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • filecoinFilecoin(FIL)$3.19-0.89%
  • crypto-com-chainCronos(CRO)$0.050034-0.67%
  • internet-computerInternet Computer(ICP)$2.96-1.22%
  • lido-daoLido DAO(LDO)$1.47-0.73%
  • makerMaker(MKR)$1,420.057.18%
  • MantleMantle(MNT)$0.389693-0.64%
  • quant-networkQuant(QNT)$86.47-1.74%
  • AptosAptos(APT)$5.28-6.11%
  • vechainVeChain(VET)$0.016503-0.89%
  • ArbitrumArbitrum(ARB)$0.820.89%
  • optimismOptimism(OP)$1.291.77%
  • nearNEAR Protocol(NEAR)$1.07-2.56%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0468070.07%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,728.410.28%
  • aaveAave(AAVE)$60.96-1.44%
  • BitDAOBitDAO(BIT)$0.592.96%
  • the-graphThe Graph(GRT)$0.086883-1.61%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.21-0.45%
  • algorandAlgorand(ALGO)$0.095221-2.55%
  • usddUSDD(USDD)$1.000.01%
  • immutable-xImmutableX(IMX)$0.58-3.16%
  • fraxFrax(FRAX)$1.000.17%
  • xdce-crowd-saleXDC Network(XDC)$0.047845-3.64%
  • havvenSynthetix Network(SNX)$2.010.61%
  • blockstackStacks(STX)$0.455413-1.87%
  • sapphireSapphire(SAPP)$0.7035.32%
  • theta-tokenTheta Network(THETA)$0.640.21%
  • radixRadix(XRD)$0.0616940.69%
  • elrond-erd-2MultiversX(EGLD)$24.40-1.60%
  • eosEOS(EOS)$0.56-1.15%
  • Bitget TokenBitget Token(BGB)$0.448222-0.19%
  • the-sandboxThe Sandbox(SAND)$0.3034110.73%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • tezosTezos(XTZ)$0.66-0.21%
  • injective-protocolInjective(INJ)$7.231.25%
  • bitcoin-cash-svBitcoin SV(BSV)$31.020.30%
  • axie-infinityAxie Infinity(AXS)$4.51-3.28%
  • render-tokenRender(RNDR)$1.480.09%
  • decentralandDecentraland(MANA)$0.297680-0.10%
  • gatechain-tokenGate(GT)$3.87-0.11%
  • fantomFantom(FTM)$0.187730-1.19%
  • thorchainTHORChain(RUNE)$1.741.89%
  • marumaruNFTmarumaruNFT(MARU)$0.25242622.62%
  • neoNEO(NEO)$7.17-1.30%
  • kavaKava(KAVA)$0.62-0.72%
  • paxos-standardPax Dollar(USDP)$1.00-0.02%
  • pax-goldPAX Gold(PAXG)$1,899.38-0.38%
  • tether-goldTether Gold(XAUT)$1,904.08-0.55%
  • ecasheCash(XEC)$0.000024-1.16%
  • curve-dao-tokenCurve DAO(CRV)$0.531.02%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • flowFlow(FLOW)$0.441764-1.03%
  • compound-ethercETH(CETH)$31.97-0.01%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • convex-crvConvex CRV(CVXCRV)$1.47183.77%
  • frax-shareFrax Share(FXS)$5.903.56%
  • kucoin-sharesKuCoin(KCS)$4.41-1.38%
  • rocket-poolRocket Pool(RPL)$21.64-0.52%
  • Frax EtherFrax Ether(FRXETH)$1,589.590.14%
  • iotaIOTA(MIOTA)$0.148641-1.25%
  • apecoinApeCoin(APE)$1.11-0.86%
  • chilizChiliz(CHZ)$0.057526-0.82%
  • huobi-tokenHuobi(HT)$2.43-0.22%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.06%
  • Tokenize XchangeTokenize Xchange(TKX)$4.740.06%
  • bittorrentBitTorrent(BTT)$0.000000-0.24%
  • mina-protocolMina Protocol(MINA)$0.372227-1.67%
  • casper-networkCasper Network(CSPR)$0.031614-2.31%
  • klay-tokenKlaytn(KLAY)$0.112492-2.91%
  • DogechainDogechain(DC)$0.001787-24.98%
  • terra-lunaTerra Luna Classic(LUNC)$0.0000611.23%
  • galaGALA(GALA)$0.013323-1.77%
  • SuiSui(SUI)$0.437019-1.42%
  • Rollbit CoinRollbit Coin(RLB)$0.103847-2.78%
  • dydxdYdX(DYDX)$1.88-2.34%
  • Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH(CBETH)$1,670.950.23%
  • gmxGMX(GMX)$35.662.06%
  • nexoNEXO(NEXO)$0.570.59%
  • trust-wallet-tokenTrust Wallet(TWT)$0.770.02%
  • apenftAPENFT(NFT)$0.000000-0.21%
  • WEMIXWEMIX(WEMIX)$0.97-2.29%
  • Nexus MutualNexus Mutual(NXM)$45.730.06%
  • Staked Frax EtherStaked Frax Ether(SFRXETH)$1,682.850.15%
  • dashDash(DASH)$26.54-2.00%
  • CyberHarborCyberHarbor(CHT)$10.12-49.84%
  • gemini-dollarGemini Dollar(GUSD)$1.000.09%
  • PepePepe(PEPE)$0.000001-1.06%
  • woo-networkWOO Network(WOO)$0.166040-0.86%
  • zilliqaZilliqa(ZIL)$0.016913-0.81%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.05%
  • 1inch1inch(1INCH)$0.2697151.27%
  • Shib Original VisionShib Original Vision(SOV)$0.00000012.40%
  • arweaveArweave(AR)$4.170.66%
  • FlareFlare(FLR)$0.010976-0.14%
  • compound-governance-tokenCompound(COMP)$39.470.11%
  • liquity-usdLiquity USD(LUSD)$0.990.18%
  • conflux-tokenConflux(CFX)$0.123239-3.53%
  • AstarAstar(ASTR)$0.048513-4.96%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • gnosisGnosis(GNO)$97.78-0.43%
  • basic-attention-tokenBasic Attention(BAT)$0.169038-1.71%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • pancakeswap-tokenPancakeSwap(CAKE)$1.150.24%
  • Utility Web3ShotUtility Web3Shot(UW3S)$0.4725710.00%
  • tomiNettomiNet(TOMI)$3.30-4.86%
  • flex-coinFLEX Coin(FLEX)$2.48357.01%
  • convex-financeConvex Finance(CVX)$3.01-1.93%
  • SafePalSafePal(SFP)$0.56-0.59%
  • huobi-btcHuobi BTC(HBTC)$26,221.000.38%
  • compound-usd-coincUSDC(CUSDC)$0.023061-0.06%
  • oec-tokenOKT Chain(OKT)$13.130.68%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • chiaChia(XCH)$27.01-0.74%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • celoCelo(CELO)$0.449017-3.43%
  • escoin-tokenEscoin(ELG)$2.67-1.18%
  • illuviumIlluvium(ILV)$38.850.11%
  • Bone ShibaSwapBone ShibaSwap(BONE)$0.917.92%
  • nemNEM(XEM)$0.025261-1.06%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • bitcoin-goldBitcoin Gold(BTG)$12.84-0.66%
  • WorldcoinWorldcoin(WLD)$1.70-2.08%
  • compound-usdtcUSDT(CUSDT)$0.0190980.00%
  • qtumQtum(QTUM)$2.13-1.82%
  • ecomiECOMI(OMI)$0.000822-0.89%
  • fetch-aiFetch.ai(FET)$0.212497-1.98%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • enjincoinEnjin Coin(ENJ)$0.219706-2.96%
  • tether-eurtEuro Tether(EURT)$1.06-0.25%
  • singularitynetSingularityNET(AGIX)$0.175294-1.74%
  • mx-tokenMX(MX)$2.140.23%
  • loopringLoopring(LRC)$0.171801-0.53%
  • DeFiChainDeFiChain(DFI)$0.281772-0.06%
  • mask-networkMask Network(MASK)$2.57-2.25%
  • SeiSei(SEI)$0.117109-0.85%
  • decredDecred(DCR)$13.47-0.75%
  • oasis-networkOasis Network(ROSE)$0.0413520.62%
  • Access ProtocolAccess Protocol(ACS)$0.002065-3.42%
  • heliumHelium(HNT)$1.44-1.71%
  • theta-fuelTheta Fuel(TFUEL)$0.032913-1.15%
  • zcashZcash(ZEC)$26.220.16%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • aragonAragon(ANT)$5.032.74%
  • telosTelos(TLOS)$0.76-4.60%
  • CoinmetroCoinmetro(XCM)$0.66506.72%
  • justJUST(JST)$0.022268-0.22%
  • olympusOlympus(OHM)$11.380.32%
  • osmosisOsmosis(OSMO)$0.314913-1.01%
  • ankrAnkr Network(ANKR)$0.019099-2.25%
  • Aleph ZeroAleph Zero(AZERO)$0.78-2.04%
  • ethereum-name-serviceEthereum Name Service(ENS)$7.35-0.42%
  • SifchainSifchain(EROWAN)$0.154725-4.65%
  • FUBT TokenFUBT Token(FUC)$2.09-1.05%
  • BolideBolide(BLID)$0.029333-6.99%
  • BeldexBeldex(BDX)$0.032877-3.04%
  • stepnSTEPN(GMT)$0.152894-0.74%
  • holotokenHolo(HOT)$0.001024-0.59%
  • DEIDEI(DEI)$1.000.13%
  • Gains FarmGains Farm(GFARM2)$5,000.300.00%
  • 0x0x Protocol(ZRX)$0.2055660.64%
  • golemGolem(GLM)$0.173976-0.92%