US Treasury said it tied $5.2 billion in BTC transactions to ransomware payments

Catalin Cimpanu reports:

The financial crimes investigation unit of the US Treasury Department, also known as FinCEN, said today it identified approximately $5.2 billion in outgoing Bitcoin transactions potentially tied to ransomware payments.

FinCEN officials said the figure was compiled by analyzing 2,184 Suspicious Activity Reports (SARs) filed by US financial institutions over the last decade, between January 1, 2011, and June 30, 2021.

Read more on The Record.

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