Ransomware Extortionists Net $25 Million in Two Years, 95% Cashed out through BTC-E

in #cryptocurrency7 years ago (edited)

Hey buddies,

as you might have known, Ransome attacks. that happened few years back.
attackers took a lot of ransome money. and get away with it.
now we got the news. where people were tracing those transactions.

where it was cashed 95% of that from BTC-e

Recently two global ransomware campaigns made headlines due to the incredible reach they managed to have.
Both WannaCry and NotPetya managed to reach hundreds of countries, despite only earning their authors about $140,000 and $10,000 respectively. These numbers are minimal, as according to a report, 34 ransomware families earned extortionists $25 million in only two years.

Presented at Blackhat, one of the largest computer security conferences in the United States, the report produced by researchers at Google, the University of California San Diego, New York University and blockchain analysis firm Chainalysis, found that ransomware only became massively profitable in the last year and a half.

According to Luca Invernizzi, both NotPetya and WannaCry were probably not made for financial gains, while the others were. He stated:

" They [WannaCry and NotPetya] were clearly not interested in cashing out the money. "
Source link: https://www.cryptocoinsnews.com/google-ransomware-extortionists-net-25-million-in-two-years-95-percent-cashed-out-through-btc-e/

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nice

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