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

Crypto theft hits nearly $1 billion in first nine months, report says

By cpowell
Created 2018-10-10 14:55

By Gertrude Chavez-Dreyfuss
Reuters
Wednesday, October 10, 2018

NEW YORK -- Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security firm CipherTrace released today.

The report, which looks at criminal activity and money laundering in the digital currency market, also showed a steadily growing number of smaller thefts in the $20-60 million range, totaling $173 million in the third quarter.

Digital currencies stolen from exchanges in 2017 totaled just $266 million, according to a previous report from CipherTrace. ...

... For the remainder of the report:

https://www.reuters.com/article/us-crypto-currency-crime/cryptocurrency-... [1]



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