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According to the report of CipherTrace for the 3rd quarter, dedicated to the fight against money laundering, as of the third quarter of 2018, the theft of the cryptocurrency has already reached 927 million dollars. Cybersecurity and blockchain experts have identified platform-and exchange-level theft and hacking as a major issue evolving relative to the results of the second quarter.
In the second quarter's CipherTrace report, The company said there were more thefts in the first half of 2018 compared to 2017. A cryptocurrency worth about $ 731 million has been stolen in some of the most famous hacks, including the Japanese Coincheck exchange - $ 530 million and BitGrail, which lost tokens worth about $ 195 million.
As for the report for the third quarter, currently this figure is 927 million dollars lost as a result of cyber attacks, and CipherTrace predicts that this trend will continue. According to them, by the end of the year the theft will amount to more than 1 billion dollars.
In fact, the report skipped about $ 50 million involved in the CoinHoarder Scam, and the company also claims to be aware of the theft of the cryptocurrency of at least $ 60 million, which the information was not made public.
Major cryptocurrency thefts Q3
The report highlights the main cryptocurrency thefts in the third quarter of 2018. Bithumb crypto-exchange lost about $ 30 million as a result of the" cyber invasion", and Bancor lost $ 23.5 million due to smart contract errors and was forced to suspend operations.
Another Korean exchange, Coinrail, also lost more than $ 40 million in altcoins, while Bitcoin Gold was Attacked by 51, resulting in more than $ 18 million stolen.
It should be noted that the United States has become one of the most vulnerable countries to steal cryptocurrencies, because 56% of all attacks occur in this country.
With cryptocurrency lurking in holders ' portfolios due to the loss of value during the bear market, the last thing crypto investors need is the theft of their assets. This report simply highlights the importance of properly storing your cryptocurrency. Use hardware wallets, use cold storage, and never leave all assets in a hot wallet on an exchange where a hacker has a good chance of getting your funds.
Link to the source of information (Russian) - https://altstake.io/news/1-milliard-dollarov-kraghi-kripto-v-2018