Russian ransomware gangs obtained $500 million in funding last year through attacks on cryptocurrency

ChainCatcher news, according to Forbes, a new report reveals that Russian ransomware gangs earned up to $500 million in 2023 through attacks on cryptocurrency. These Russian-speaking cybercriminals are deeply involved in activities such as ransomware, dark web markets, and illegal cryptocurrency trading, and their influence is shocking.

Analysis shows that many of these criminals operate within Russia, some of whom are linked to Russian military intelligence organizations and the Kremlin, while others actively use cryptocurrency to procure foreign equipment for Russia's war efforts.