October 15, 2018 IBOMLLC Team

In the 9 months of 2018, there has been $1 billion Cryptocurrency Theft

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

According to the US-based cyber security firm CipherTrace, in the nine months of this year, there has been $927 million cryptocurrency theft. This heist has mainly been conducted through hacking of cryptocurrencies exchanges and trade platform.

This year’s crypto heist has increased by about 250% compared to the same period in 2017. In 2017, hackers made away with at least $266 million digital currencies from exchanges.

The CipherTrace tabled this report on Wednesday, October 10th. The report goes into details of the online criminal activities and money laundering, showing a steadily growing of smaller kleptomaniacs within the $20 – $60 million range, which totals to $173 million as per the third quarter of 2018.

The recent surge in bitcoin’s popularity among other more than 1,600 other digital coins and tokens has drawn a lot of interest not just from the general public. But also hackers who see it as an expanding field to steal from the increased number of users online on particularly keen on cybersecurity.

The regulators are still a couple of years behind because there are only a few countries that have really applied strong anti-money laundering …read more

Read more here:: In the 9 months of 2018, there has been $1 billion Cryptocurrency Theft

      

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