Bangkok Post – Crypto ransom payments hit record $1.1bn in 2023

More scammers going ‘big game hunting’, with most payments topping $1 million

Payments from cryptocurrecy-related ransom attacks nearly doubled to a record $1.1 billion in 2023, the blockchain analytics firm Chainalysis said on Wednesday.

Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $567 million in 2022.

However, losses stemming from other…