Ransomware


Consensus Magazine

Ransomware Payouts Declined in 2022: Crystal Blockchain

Victims of ransomware attacks paid hackers 4.5 times less in crypto in 2022 than in 2021, according to a new report.

Cypher Protocol suffers exploit (Clint Patterson/Unsplash)

Policy

White House Convenes Summit for Stopping the Spread of Ransomware

Among other moves, President Biden’s office plans to share information with partners about crypto wallets used for laundering extorted funds.

The White House South Lawn, Washington DC, America (Joe Daniel Price/Getty Images)

Policy

US Treasury Blacklists Several More Bitcoin Addresses Allegedly Tied to Iran Ransomware Attacks

The sanctions watchdog agency added several bitcoin addresses allegedly used in ransomware attacks to its blacklist.

(Chip Somodevilla/Getty Images)

Finance

US Extradites Alleged Crypto Money Launderer From Netherlands

Denis Mihaqlovic Dubnikov is scheduled to face a five-day jury trial beginning on Oct. 4

(Shutterstock)

Policy

US Rep. Josh Gottheimer Proposes $3M Boost to Treasury’s Crypto Crime-Fighting Unit

The amendment would increase funding to the Treasury’s Office of Terrorism and Financial Intelligence for blockchain analysis tools, training and investigative support.

U.S. Rep. Josh Gottheimer (D-N.J.) (Kevin Dietsch/Getty Images)

Policy

US Justice Department Seizes $500K in Ransom Payments and Crypto From North Korean Hackers

Deputy Attorney General Lisa Monaco said the FBI has identified a new type of ransomware used by the state-sponsored hackers.

Department of Justice (Getty Images)

Policy

Chainalysis Launches 24/7 Hotline for Crypto Crime Victims

Ransomware actors raked in all-time high of $731 million in crypto payments in 2021, and 2022 is on track to be another record year for crypto-enabled cyber crime.

Chainalysis CEO Michael Gronager (Danny Nelson)

Layer 2

Ransomware Gang Extorted 725 BTC in One Attack, On-Chain Sleuths Find

The infamous Conti ring’s internal messages, leaked in February, served as a jumping-off point for a new transaction analysis by Crystal Blockchain.

The Ryuk ransomware gang may have been named after this Japanese manga character. (Photo: Andrew Evans, modified by CoinDesk)

Opinion

The Ramps Killing Bitcoin's Dissident Thesis

Why does crypto work for Russian ransomware, but it wasn't useful for the Ottawa truckers?

Truckers in Central Alberta on their way to the Legislature Building in Edmonton (Naomi Mckinney/Unsplash)

Policy

Canadian Police Seize $28M in Bitcoin, Extradite Alleged Affiliate of Ransomware Gang

Sebastien Vachon-Desjardins is accused of carrying out dozens of ransomware attacks in 2020 – many of which were specifically targeted at the health care sector during the peak of the COVID-19 pandemic.

Report Says Enforcing KYC and AML Laws Key to Reducing Ransomware Attacks

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