Crypto Exchanges Robbed of over $900M in First Three Quarters of 2018: Report

Cryptocurrency theft via the hacking of crypto trading platforms has resulted in $927 million being stolen in the first nine months of 2018, according to a report released on Wednesday by US-based cyber security company CipherTrace.

The amount is almost 250% larger than in 2017, when $266 million was siphoned off from crypto exchanges, as per a previous report by CipherTrace. However, 2018 has seen some massive hacks amid the increasing prominence of cryptocurrencies and the emergence of new digital tokens. Among the biggest attacks were those on Bithumb, Coincheck, Bancor, and, more recently, Japanese exchange

This article appeared first on Cryptovest

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