BLOCKCHAIN TECHNOLOGY AND CYBERSECURITY. CRYPTOCURRENCIES AND THEIR IMPACT ON CYBERCRIME

Cryptocurrencies, such as Bitcoin and Ethereum, have transformed the financial landscape, offering a decentralized and transparent medium for digital transactions. However, they have also facilitated cybercriminal activities by providing anonymous and untraceable methods for financial transactions. This article explores the intersection of cryptocurrencies and cybercrime, focusing on how digital currencies have been used in illegal activities such as ransomware, money laundering, and darknet transactions. The study also reviews existing literature on the impact of cryptocurrencies on cybercrime and presents potential measures to curb their misuse while maintaining their benefits.