A recently revealed report claims that in 2018, $1.7 billion Cryptocurrency was lost to scams and thefts, a figure 3.6 times quite the quantity stolen in 2017.

As reported by CipherTrace Cryptocurrency Intelligence’s report, $950 million was stolen from cryptocurrency exchanges, the lion’s share returning from the hack of Japanese exchange Coincheck that lost over $500 million of NEM in early 2018.

On high of those thefts, the analysis found investors and exchange users lost a minimum of $725 million in cryptocurrency in 2018 to exit scams like deceitful ICOs, mobile phone exchange hacks, and Ponzi schemes.




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https://cryptoinfoplus.com.ng/c/1-7-billion-worth-of-crypto-lost-to-thefts-and-scams-in-2018/