2024 Crypto Crime Update Part 2: China-based cybercrime networks on the rise
In part 1 of our mid-year crime update, we discussed trends related to ransomware and stolen funds. While aggregate illicit on-chain activity declined by nearly 20% year-to-date (YTD), inflows from stolen funds nearly doubled, and annual ransomware payments are on track to be the largest ever in a single year.Next,...