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Published on Gold Anti-Trust Action Committee (http://gata.org)

Cryptocurrency exchange theft surges in first half of 2018, report says

By cpowell
Created 2018-07-04 00:10

By Gertrude Chavez-Dreyfus
Reuters
Tuesday, July 3, 2018

NEW YORK -- Theft of cryptocurrencies from exchanges soared in the first half of this year to three times the level seen for the whole of 2017, leading to a three-fold increase in associated money laundering, according to a report from U.S.-based cybersecurity firm CipherTrace released today.

... Dispatch continues below ...


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The report, which looks at the global anti-money laundering market, showed that in the first six months of the year a total of $761 million was stolen from digital currency exchanges, compared with about $266 million for the whole of 2017.

The losses could rise to $1.5 billion this year, estimated CipherTrace, which is launching a software to help exchanges and hedge funds that use or trade cryptocurrencies comply with anti-money laundering laws. ...

... For the remainder of the report:

https://www.reuters.com/article/us-crypto-currencies-ciphertrace/cryptoc... [2]

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Source URL:
http://gata.org/node/18358