Conti Leak: A Ransomware Gang’s Chats Expose Its Crypto Plans

The interest in cryptocurrency platforms is all about moving money, Holden says. “My explanation is that these guys want to control and be able to launder money,” he explains. “If they are able to launder the money, for example, they can move stolen proceeds into their own platform, they can hide or otherwise obfuscate their money trail.” The vast majority of ransomware payments are made using cryptocurrencies. Blockchain tracking firm Chainalysis identified more than $600 million in crypto ransomware payments in both 2020 and 2021—Conti was the most prolific group.…

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