Home / Crypto News / Total damage from exchanges hacking, more than three times more than last year as of Septemb

Total damage from exchanges hacking, more than three times more than last year as of Septemb

The report of Reuters reported that the total amount of assets stolen from the cryptocurrency exchange this year has reached US $ 927 million as of September .

This amount has more than tripled last year (US $ 266 million), and hacking damage is expected to be explosively increasing as the spread of encryption currencies widens.

According to the US cyber security company surveyed by CipherTrace, relatively small hacks equivalent to 20 million to 60 million dollars are occurring frequently this year, totaling over 170 million dollars.

CipherTrace says there are cases that have not yet been tracked at the time of writing this report and said that the amount is about 60 million dollars.

In addition, the company is a major exchange that operates in a country not equipped with money washing prevention measures, and reported that assets of about 2,050 million dollars have been washed since 2009 .

CipherTrace, who stated that “There is always an asset related to criminal acts in any exchange”, CipherTrace did not disclose the concrete name of the exchange on which massive money washing is done.

Article Source: Cryptocurrency theft hits nearly $ 1 billion in first nine months: report

Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/ciphertrace-report-q3/

Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for informational purposes only. We are not an investment advisor and do not provide financial advice.

It’s also important to it properly to diligence and analysis, including consulting a professional financial advisor, No content on Coin News Desk makes up a recommendation to enter in any type of investment or to engage in any investment strategy present on this website.

About Coin News Desk Team