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Ransomware is now a billion-dollar market

1 month ago   |   By TechRadar

An analysis of several hundred cryptocurrency wallets used for ransomware -related payments has revealed transactions totaling over a whopping $5 billion. A blockchain analysis by the US Treasury Department's Financial Crimes Enforcement Network of transactions tied to the 177 convertible virtual currency wallets, has identified roughly $5.2 billion in outgoing bitcoin transactions potentially tied to ransomware payments. “Wallets associated with the 10 variants examined sent BTC valued at $5.2 billion to known entities, directly or indirectly, including 51% to exchanges, 43% to other CVC...
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