Crypto Exchange Hack Losses Already 250% Higher Than 2017, Q3 Report Shows

More from: | CoinTelegraph |
0

Losses caused by cryptocurrency exchange hacks hit $927 million in the first nine months of 2018, already 250 percent higher than throughout all of 2017, Reuters India reports October 10.

Reuters cites a Crypto Anti-Money-Laundering (AML) report for Q3 2018 from crypto intelligence firm CipherTrace, which pitted the $927 million figure against last year’s $266 million total.

According to the report, “smaller” thefts of crypto worth between $20-60 million are also steadily rising, hitting $173 million in the third quarter.

Reuters interviewed CipherTrace CEO Dave Jevans, who is also chairman of the global anti-cybercrime organization, the Anti-Phishing Working Group.

Jevans told the agency that the real figures are likely to be 50 percent higher than those that were successfully traced

(...)

Read full article » https://cointelegraph.com/news/crypto-exchange-hack-losses-already-250-higher-than-2017-q3-report-shows


About | CoinTelegraph |

Cointelegraph is a completely independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen web. We offer the latest news, prices, breakthroughs and analysis with emphasis on expert opinion and commentary from the digital currency community.

»Twitter: @cointelegraph »Facebook: @cointelegraph »YouTube: Cointelegraph