Transactions associated with sanctioned entities accounted for 44% of 2022's record-high $20.1 billion worth of crypto crime, Chainalysis said in January.
Crypto payments to ransomware attackers hit $449.1 million in the first half of 2023, up $175.8 million from the same period last year, Chainalysis said.
If this continues, ransomware attackers will have their second best year on record, the analysts added.
"Big game hunting - that is, the targeting of large, deep-pocketed organizations by ransomware attackers - seems to have bounced back after a lull in 2022.
At the same time, the number of successful small attacks has also grown," Chainalysis said.
Persons:
Chainalysis, fraudsters, Elizabeth Howcroft, Sinead Cruise, Mark Potter
Organizations:
Thomson