While the internet is full of scammers and hackers, the cryptocurrency space is particularly hard hit. Because where there are many ignorant people in combination with a new type of technology, unfortunately a lot of money can also be stolen. As the "world's first blockchain forensics team" CipherTrace announced in their latest report, more than $ 2020 billion were looted in the first half of 1,3.
In 2019, $ 4,5 billion was captured
There are always new methods in the crypto space to pull the money out of investors' pockets. The blockchain company CipherTrace has released a report to show how huge the amount of hackers and scammers is.
In the first five months of 2020, crypto hackers, thieves, and scammers were able to steal a total of $ 1,36 billion. According to CipherTrace's early forecast, this year will be the second most criminal year ever recorded. However, this is not certain, because with the current state of the global economy and increasing interest in alternative investments, the number of cryptocurrencies captured could rise over the course of the year.
The following graphic shows the total looted investments from 2017 to 2020. The dark blue bars include hacks and thefts, the light blue bars include fraud, misuse and embezzlement. The growth from 2017 to 2018 is remarkable, very likely a consequence of the explosive growth of the entire crypto market and the increasing awareness of Bitcoin and Co .:
Finnish crypto exchanges popular for depositing stolen bitcoins
As the report found, 0,17% of the cryptocurrencies deposited in 2019 came from hackers and fraudsters. That is a lot, but it corresponds to a significant reduction of 47% compared to 2018.
Finnish exchanges in particular seem to be popular with hackers and fraudsters. For the third time, the Finnish stock exchange is number 1 in the ranking for the most paid-in, stolen bitcoins (BTC). According to CipherTrace, a total of 12,01% of the paid-in bitcoins should come from hackers.
Markus from Kryptokumpel.de
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