Bitcoin is the still the dark web’s favorite cryptocurrency

Bitcoin BTC is still very much the dark web‘s favorite cryptocurrency, but those looking to cover their tracks are slowly learning to use privacy-focused alternatives.

“While we have previously reported a small shift towards more privacy-focused cryptocurrencies such as Monero, Bitcoin still remains the currency of choice for both legitimate and criminal use,” reports Europol with its latest assessment of internet-based organised crime.

Europol notes that Bitcoin‘s prevalence in the underground economy is a consequence of its familiarity within the customer base, particularly in dark web markets.

In particular, ransomware campaigns have continued to feature Bitcoin almost exclusively. Europol highlighted these attacks as the most prominent cybercrime it tackles.

Hard Fork has previously reported on numerous ransomware attacks that’ve demanded Bitcoin to restore encrypted files.

Still, authorities say there has…