Chainalysis: Ransomware hackers launder money through mining pools soars

Ransomware criminals are increasingly using mining pools to launder money, with the value sent from ransomware wallets to mining pools increasing steadily, according to a report by blockchain analysis firm Chainalysis. But cryptocurrency funds stolen in ransomware attacks have fallen sharply, and cryptocurrency revenue from such extortion will drop by 40.3% in 2022, mainly because more and more victims refuse to pay. Chainalysis says the most important solution is for mining pools and hashing services to institute stricter wallet screening measures beyond KYC.