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Moscow City as money-laundering hub Chainalysis, in its report, said between 29% and 48% of all digital tokens, came from "illicit and risky" addresses, went to businesses in the Russian capital's financial district, Moscow City, in the last three years

Russia-linked crypto addresses recieved 74% of ransomware revenue in 2021

Firms in Moscow City received as much as 48% of crypto from illicit addresses

By Arghyadeep Dutta
Published - Feb 14, 2022, 06:01 PM ET
Last Updated - Feb 14, 2024, 01:40 PM EST

• Firms in Moscow City received as much as 48% of crypto from illicit addresses

• Report said Russian Evil Corp has beenprolific in ransomware with leaders have alleged ties to the Russian government

Nearly three-quarters of ransomware "revenue" in 2021 went to addresses that are "highly likely" to be affiliated with Russia.

In Chainalysis' 2022 Crypto Crime Report, they reported that, of their cryptocurrencies attacked, 74% had ransomware strains linked with Russia. Chainalysis has over $400 million dollars worth of
cryptocurrency.

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