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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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Bitcoin and crypto are helping both sides in the Russia-Ukraine conflict

In times of crisis, there is no good; there’s only a best course of action, given the circumstances. Is crypto good in the context of Russia’s invasion of Ukraine? Is it bad? Neutral? It’s a hard question to answer. Cryptocurrency is now a more mainstream part of the global financial system, which means that — for better or for worse — it’s inevitably a part of international conflict, too. This is on full display as Russian forces invade Ukraine. Some Ukrainians are also turning to crypto as an alternative to…

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