Ransomware hackers increasingly look to mining pools for money laundering: Chainalysis
Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Ransomware criminals are increasingly using mining pools to launder illicit funds, Chainalysis said in a report released Thursday.
Though more ransomware scammers look to mining pools to launder funds, crypto funds stolen during in ransomware attacks largely decreased. Cryptocurrency revenue derived from such extortions decreased 40.3% in 2022, primarily because victims are increasingly"Cryptocurrency mining is a crucial part of our industry, but it also holds special appeal to bad actors, as it provides a means to acquire money with a totally clean on-chain original source," Chainalysis wrote in the report.
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