The blockchain intelligence entity has been able to identify 38 different exchanges that have received funds originating from ransomware attacks.
A damning new study has revealed the trick up the sleeve of some so-called ransomware solution providers—just pay the hackers their ransom in crypto.
Companies are seeing rising asking prices from ransomware, and even greater operational costs, in 2019.
WEX has been linked to funds received in connection with Iranian ransomware, in the latest example of illicit activity being linked to the crypto exchange.
The U.S. Department of the Treasury has identified two separate wallet addresses linked to the latest Iranian crypto ransomware plot.
The North Korean state has been flagged as a persistent bad actor in crypto circles, hacking into South Korean exchanges as well as setting up their own fake ICOs to raise money for the regime.
Cryptocurrencies are known for their ability to break through jurisdictional borders nearly instantly. But while legitimate users benefit from this, so do criminals. Given this fact, the challenge for regulators is also rising.
Dubbed Ryuk, there are suggestions the ransomware attacks could be linked to a North Korean hacker group known to rely on BTC ransom payments.
Hackers in Iran are preparing new ransomware designed to extort BTC coins as the United States prepares to re-introduce sanctions against the country, according to cybersecurity experts.
The SamSam ransomware was able to grab $6 million worth of BTC from a total of 233 victims since 2015, according to a Sophos report.