A study conducted by TRM Labs reports a substantial increase in Russia's involvement in illegal crypto activities in 2023. Remarkably, almost 70% of cryptocurrency revenues from ransomware were attributed to Russian-speaking hacker groups. This positions them as major players in the realm of criminal crypto activities.
The findings emphasize the influential role of these hackers in the illegal cryptocurrency market. The report underscores the need for enhanced cybersecurity measures to combat such organized groups.
Related discussions were highlighted, including Kamala Harris' perceived alliance with Ripple CEO amid the broader crypto backlash.
