Cryptocurrency Theft Almost Reaches $1 Bln In Nine Months Of 2018

  • Paul Hackley
    📰 News

    U.S.-based cybersecurity firm, theft of cryptocurrencies through attacks on exchanges and trading platforms in the first nine months of 2018 amounts to $927 mln


Cryptocurrency Theft Almost Reaches $1 Bln In Nine Months Of 2018

According to a report made by CipherTrace, a U.S.-based cybersecurity firm, theft of cryptocurrencies through attacks on exchanges and trading platforms in the first nine months of 2018 amounts to $927 mln, which is roughly 250 percent more than in 2017.

In 2017 the amount of stolen cryptocurrencies totaled just $266 mln. The report showed a growing number of smaller hacks in the range of $20-60 mln. It also showed that the world’s top cryptocurrency exchanges from countries with weak anti-money-laundering laws were used to launder more than $2.5 bln since 2009.

“The regulators are still a couple of years behind because there are only a few countries that have really applied strong anti-money-laundering laws,” said Dave Javans, CEO of CipherTrace.

Cover image via u.today
Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

Paul Hackley is a journalist and essayist, focusing on blockchain and cryptocurrencies, with a strong interest in the future of the technology.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings