Crypto ransom attack payments hit record $1 billion in 2023 - Chainalysis
Thu, Feb 8, 2024 2:18 PM

Crypto ransom attack payments hit record $1 billion in 2023 - Chainalysis

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Payments from crypto-related ransom attacks nearly doubled to a record $1 billion in 2023, blockchain analytics firm Chainalysis said on Wednesday. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion last year, compared with $567 million in 2022. However, losses stemming from other crypto-related crimes such as scamming.

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