64% ransomware funds, money laundering with cryptocurrency

According to blockchain analysis company Chainalysis, 64% of the funds damaged by ransomware go through the money laundering process through cryptocurrency exchanges.

Ransomware is a malware that takes data hostage and demands a ransom. Chainnallysys analyzed 38 exchanges that received funds from IP addresses related to ransomware attacks, and 64% of ransomware attackers were doing money laundering through cryptocurrency exchanges.

It is said that 12% of money laundering through cryptocurrency exchanges is intended to cover up the flow of money through mixed services, 6% through P2P networks, and many other dark webs.

Chainalesis said that until now, there have been many forms of attacking a large number of users by compiling files, but recently, targeting sensitive information used for political or criminal purposes has increased.