Money Laundering
Ransomware payments fell by 35% in 2024, totalling $813,550,000
Payments to ransomware actors decreased 35% year-over-year in 2024, totaling $813.55 million, down from $1.25 billion recorded in 2023. Additionally, only about 30% of victims engaged in negotiations with ransomware actors ended up paying any ransom to them. These figures are reported by blockchain intelligence firm Chainalysis, underlining a significant decline in an otherwise record-breaking year for […]
US offers $5 million for info on North Korean IT worker farms
The U.S. State Department is offering a reward of up to $5 million for information that could help disrupt the activities of North Korean front companies and employees who generated over $88 million via illegal remote IT work schemes in six years. The two companies, Chinese-based Yanbian Silverstar and Volasys Silverstar from Russia, tricked businesses worldwide […]
UK disrupts Russian money laundering networks used by ransomware
A law enforcement operation led by the United Kingdom’s National Crime Agency (NCA) has disrupted two Russian money laundering networks working with criminals worldwide, including ransomware gangs. Dubbed “Operation Destabilise,” this international investigation has led to the arrest of 84 Russian-speaking suspects linked to the Smart (led by Ukrainian George Rossi) and TGR (controlled by […]