Crypto Blog
While overall illicit transactions have decreased since last year, there has been a notable rise in – stolen funds and ransomware. The amount of stolen funds in crypto scams has almost doubled from $857 million to $1.58 billion by late July.
The blockchain data platform also said that criminals appear to be returning to their roots and targeting centralized exchanges again after four years of focusing on their decentralized counterparts. “Whether it be former affiliates of these well-known threat actor operations, or new upstarts, a large number of new ransomware groups have joined the fray, displaying new methods and techniques to carry out their attacks such as expansion in their means for initial access and lateral movement approaches.”
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