Cryptocurrency markets have made cybercriminals rich

Cybercriminals are executed every year Increasingly specialized attacksWith profits growing year by year.

By the end of 2021, analyzes that have already been conducted show that cybercriminals have more than $11 billion in cryptocurrency.

They have arrested one of the most dangerous cybercriminals in Mexico, allegedly responsible for hacking into the SPEI system

Millionaire cybercriminals

Chainalisys performance a Detailed analysis regarding profits and increase of illegal activity of cybercriminals around the world.

This analysis revealed that his “wealth” at the end of 2020 amounted to 3 billion pesos, but by 2021, this amount rose to 11 billion dollars.

One of the most profitable attacks by cybercriminals was the theft of cryptocurrency wallets, leaving them with a margin of $9.8 billion.

How was the analysis performed?

The specialized company Chainalisys analyzed Encrypt every wallet That he had some “unlawful actors” or that they received money from the dark web.

Even ransomware attacks, scams and cryptocurrency theft, committed by cybercriminals, have been analyzed and tracked.

The main or most effective attacks were ransomware, with which they managed to generate the largest number of thefts from cryptocurrency wallets.

Wealth generated by the fall and rise of the market

Although part of the wealth generated by cybercriminals, it is mainly due to increases in cryptocurrencies in use, each one with an appropriate rise.

The price of Bitcoin rose to 47 thousand dollars, Ethereum more than 3 thousand and 700 dollars, and Monero reached 250 dollars, hence its value increased at the end of 2021.

Cybercriminals, being experts in this matter, held cryptocurrencies, thus increasing their wealth by up to 75%.

Keep and sell, the key to profit

Both cybercriminals kept the obtained funds for up to 65 days, with ransomware perpetrators selling the fastest.

Despite the rest, he did it for more than a year, or even just 250 days, to check the right moment to sell and get profit from the actions performed.

Although, keeping money inside their wallets has been a dangerous thing for cybercriminals, ever since the authorities started making arrests for them.