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Kim Grauer, the blockchain sleuthing firm's head of research, told CoinDesk TV sanctioned activity and hacking were the driving forces behind the rise in illicit transaction volumes last year. Original Source
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The report looks into a particular case of one ransomware strain, Deadbolt, which was active in 2022. Unlike the most infamous ransomware groups like Conti, attacking large organizations for big ransoms, Deadbolt operators chose to target small businesses and individuals and over 2022, received over $2.3 million from around 4,923
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Crypto scam revenue was slashed by almost half in 2022 due mainly to falling crypto asset prices, but two scam types managed to stay immune.Crypto scam revenue in 2022, which includes investment scams, NFT scams and romance scams, among others, amounted to $5.9 billion in the year — down 46%
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That was not the case for websites selling illicit goods other than drugs, for example, stolen personal data – their fortunes continued to go down. For example, Brian Dumps, was the biggest shop for stolen banking data in 2022, but for unknown reasons, its revenue fell almost to zero in
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Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi) protocol hacks accounted for 82.1% of all cryptocurrency stolen by hackers during the year. Crypto Hacking Hit Record High in 2022 Blockchain analytics firm
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Several crypto firms have made job cuts this week amid the ongoing crypto winter, retaining “impactful” employees as they prepare for a “longer downturn.”At least 216 jobs were slashed between three crypto firms – open-source software laboratory Protocol Labs, blockchain data firm Chainalysis and U.S. cryptocurrency exchange Bittrex, with reductions
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"As a part of this reorg, some folks will have new roles, responsibilities, and reporting lines," a Chainalysis spokesperson told CryptoX in an emailed statement. "Unfortunately we will also part ways with some incredibly talented people within our team." Source
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While the number of ransomware hits may not have decreased significantly, the revenue from such attacks has fallen sharply last year, according to Chainalysis. The blockchain forensics firm believes that to a large extent the trend can be attributed to more of the targeted organizations refusing to pay the perpetrators. Chainalysis
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Ransomware victims have seemingly had enough of the extortion, with ransomware revenues for attackers plummeting 40% to $456.8 million in 2022.Blockchain intelligence firm Chainalysis shared the data in a Jan. 19 report, noting that the figures don’t necessarily mean the number of attacks is down from the previous year.Instead, Chainalysis
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At the same time, the number of malicious programs attackers have been using to encrypt victims’ data “exploded in 2022,” the report reads. Cybersecurity firm Fortinet identified 10,666 new ransomware variants in the first half of 2022, compared to just 5,400 over the same period of 2021. However, only a
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