Why Monero [XMR] is a growing favorite among ransomware groups

Monero is reportedly the most favored currency used by ransomware actors. A recently released study by CipherTrace reports on the trends in ransomware in 2021. The study titled, “Current Trends in Ransomware” talks about the growing trend of ransomware in the crypto ecosystem.

Monero: The new face of ransomware

CipherTrace analysts have found a growing pattern in recent ransomware attacks. Most groups have been found to use privacy coins such as Monero (XMR). Groups tend to use these…


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