Crypto revenues held by ransomware fell sharply in 2022, down 40.3% to $456.8 million from $765.6 million a year ago.edition reportNew from Chainalysis
Unfortunately, the decline in income inconsistent with less attack attempts by cybersecurity company Fortinet reportThe number of ransomware increased by more than 10,000 in the first half of 2022, almost double the number six months earlier. The data also confirms that the number of Ransomware in use has increased dramatically in recent years. but still Their average life expectancy will be cut by more than half to 70 days by 2022.
While many variants of ransomware are still active, Chainalysis says evidence suggests that the decline in ransom payments may be due to a greater number of victims. Refusing to pay the attacker
As for money laundering, Chainalysis says that most ransomware attackers send their victims’ funds to more centralized crypto exchanges. This will increase to 48.3% in 2022 from 39.3% in 2021. Remittances to high-risk exchanges fell to 6.7% from 10.9%.
Money laundering through illicit services such as the black market also declined. While transaction-cloaking services such as Tornado Cash have become more popular. This increased to 15% from 11.6%.
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