Illegal crypto money While there has been a significant drop in transactions this year, some types of crime are increasing at alarming rates. Blockchain analytics firm Chainalysis‘s cryptocurrency crime report for 2024 reveals that total illegal activity decreased by 19.6 percent in the first half of the year. According to the report, despite this decrease, there were significant increases in certain categories such as stolen funds and ransomware attacks.
Ransomware and Fund Theft on the Rise
According to a report by Chainalysis, the total value of illegal activities has decreased from $20.9 billion to $16.7 billion since the beginning of the year. cryptocurrency industryWhile it is interpreted as a decrease in illegal activities in the country, it is stated that the fund inflows to legal services have reached the highest level since the bull market in 2021. In 2021, Bitcoin reached its peak with a price of over $ 68,000. The report stated that this positive development indicates that crypto continues to be adopted globally. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Despite this overall decline, there were notable increases in crime categories such as stolen funds and ransomware. The analysis of stolen funds indicated that such inflows increased from $857 million to $1.58 billion. Similarly, revenues from ransomware attacks increased by 2 percent to $459.8 million.
The report also includes the stolen items in each crime incident. crypto money It was emphasized that there was a large increase in the average value of the amount. In this regard, “The amount of cryptocurrency stolen in each robbery carried out since January has increased by almost 80 percent. Part of this is due to the increase in the price of Bitcoin, which accounts for 40 percent of the total transaction volume associated with these robberies.”
North Korean Hackers Continue to Target the Cryptocurrency Industry
The report said that revenues from ransomware attacks have reached their highest level so far this year, and that 2024 could be a record year for ransomware payments. It noted that groups carrying out large-scale attacks are collecting large amounts of payments despite carrying out fewer high-profile attacks. This strategy is considered a tactic to increase the impact and profits of ransomware attacks.
The report also states: North Korea It was stated that hacker groups affiliated with the organization were using complex social engineering tactics to infiltrate companies in the cryptocurrency sector and steal funds. United NationsCiting the latest UN report, the report said that thousands of North Korean IT experts are working in the West technology It was reported that he used sophisticated fraudulent methods in order to find work in his companies.
Chainalysis’ report reveals that while illegal activity in the cryptocurrency sector has decreased overall, increases in certain categories of crime still pose a significant threat to the security and integrity of the sector.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
