Ransomware Payouts Declined in 2022: Crystal Blockchain

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Ransomware Payouts Declined in 2022: Crystal Blockchain
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Ransomware hackers received much less crypto from victims this year than in 2021, but don’t rush to conclusions, CrystalPlatform says. baidakova reports.

Nick Smart, Crystal’s director of blockchain intelligence, told CoinDesk it may be too early to conclude that ransomware attacks are in permanent decline., we were able to gather a lot more information on historical ransomware and extortion activity, which is to say we have a better idea of what it was like before. Due to the way ransoms generally work, it’s not possible to tell what happened now as many companies don’t disclose payment information publicly,” Smart said.

At the same time, crypto exchanges and services that manage to keep “dirty” crypto out, have been further tightening anti-money laundering policies, effectively scaring away criminal actors: “The volume of funds sent to low-risk exchanges from scams fell by 24% in 2022 compared to 2021,” the report said.

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