Odaily Planet Daily News 🌍 According to a report released by TRM Labs on Thursday, in 2023, Russia's rampant use of cryptocurrency for ransomware, drug trafficking and sanctions evasion has attracted widespread attention. The report pointed out that Russian-speaking ransomware gangs accounted for at least 69% of all crypto proceeds from ransomware, amounting to more than $500 million! 💸

Among them, the two largest ransomware operators in 2023 were Lockbit and ALPHV/Black Cat, both of which spoke Russian. Although cryptocurrencies have been abused in some ways, Bitcoin still shows strong market performance and potential. 📈

Regulators need to strengthen supervision of cryptocurrencies to ensure their legal use, while also paying attention to their positive role in financial markets.