🚀🔍 Cybercriminals using crypto drainers have switched from centralized exchanges to decentralized financial (DeFi) protocols, according to Chainalysis. In 2023, about 75% of stolen funds went to DeFi, as opposed to 2020 when over 90% of stolen funds went to centralized exchanges.

🎲 Chainalysis also notes that some drainers use gambling to launder funds, although on a smaller scale.

🔐 The company says the 46% decline in ransom payments following ransomware attacks in 2023 can be attributed in part to “enhanced cyber resilience of organizations.”

What are your thoughts on this? 🤔 Leave your comment below!