International Journal of Cryptocurrency Research
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| Volume 5, Issue 2, December 2025 | |
| Research PaperOpenAccess | |
Dark Angels and the Largest Crypto Ransom Payment in History: Addressing Key Intelligence Gaps with Dark Angels |
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1Crypto Threat Intelligence Project, Middlebury Institute of International Studies, Monterey, CA 93940, United States. E-mail: shayiqahmeds@middlebury.edu
*Corresponding Author | |
| Int.J.Cryp.Curr.Res. 5(2) (2025) 13-26, DOI: https://doi.org/10.51483/IJCCR.5.2.2025.13-26 | |
| Received: 11/08/2025|Accepted: 22/11/2025|Published: 22/12/2025 |
Dark Angels is a formidable cyber-criminal group that in the spring of 2024 received a record $75 million ransom payment. With their strategy of “big game hunting”, they have emerged as one of the biggest threats to US corporations. Yet, there remains an intelligence gap with regards to the threat posed by Dark Angels. This project analyzes Dark Angels’ patterns of crypto laundering and funds obfuscation techniques.
Keywords: Dark angels, Cyber-criminal group, US corporations, Crypto laundering
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