Ransomware Extortion Skyrockets in 2023, Reaching $449.1 Million and Counting

Ransomware has emerged as the only cryptocurrency-based crime to grow in 2023, with cybercriminals extorting nearly $175.8 million more than they did a year ago, according to findings from Chainalysis.
“Ransomware attackers are on pace for their second-biggest year ever, having extorted at least $449.1 million through June,” the blockchain analytics firm said in a midyear crypto crime report