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According to blockchain analytics firm Chainalysis, transactions associated with sanctioned entities increased more than 100,000-fold in 2022 and made up 44 percent of last year's illicit activity.
Bisbee’s statements are in keeping with revealed by Chainalysis competitor Coinbase, which describes blockchain evaluation as “extra of an artwork than a science”.
Since the publishing of last year’s Crypto Crime Report, Chainalysis has attributed $164 million more in cryptocurrency transactions to ransomware payments in 2021.
Source: https://hothardware.com/news/ransomware-gangs-profits-crater-cyber-insurance-governments-crack-down