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.