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Russian-speaking threat actors who come from former Soviet Union are the primary drivers of various types of crypto-related cybercrime, including ransomware, illegal crypto exchanges, and darknet markets, according to the latest report by TRM Labs.
Moreover, Russian-language darknet markets account for 95% of all dark web drug sales conducted in crypto across the world. These DNMs are multi-vendor platforms that facilitate the global trade of illegal drugs. As a well-established form of transnational organized crime, DNMs integrate anonymization networks, crypto, and encryption technologies.
Interestingly, some of this volume involved crypto sent by Russian actors to sanctioned Chinese manufacturers for military equipment and components used by Russian forces in Ukraine.
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Russian-Speaking Groups Responsible for Majority of Crypto Ransomware Attacks in 2023: TRM LabsCamomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
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