Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Henrikbliss on July 04, 2018, 07:48:36 PM
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New Q2 Report Shows that Crypto Exchanges lost over $760 million to hackers in H1 2018
Cryptocurrency theft has surged three times in the first half of 2018 over the whole of last year, according to a report by CipherTrace.
In its recently published inaugural cryptocurrency Anti-Money Laundering Report, the US-based cyber security firm revealed that cryptocurrency exchanges lost $761 million to theft in Q1 and Q2 combined, as compared to the $266 million lost in 2017.
CipherTrace estimates this figure could surge to $1.5 billion this year. According to the authors, these illegally obtained funds are “laundered by criminals to help hide their true identities and avoid arrest.”
Some of the major heists that shook the cryptocurrency ecosystem this year were the ones suffered by Japan’s Coincheck, India’s Coinsecure, and South Korea’s Coinrail and Bithumb. Coincheck alone lost about $530 million in a high-profile heist which occurred in January this year.
See full report here: https://news.bitzamp.com/report-crypto-exchanges-lost-over-760-million-to-hackers-in-first-half-of-2018/ (https://news.bitzamp.com/report-crypto-exchanges-lost-over-760-million-to-hackers-in-first-half-of-2018/)