According to the Q4 Cryptocurrency Anti-Money Laundering report by CipherTrace blockchain intelligence agency, criminals stole a massive $1.7 billion of cryptocurrency last year. Despite the savage bear market conditions and freefalling prices, cryptocurrency theft is on the rise.
Of the total stolen cryptocurrency funds, hackers made away with the lion’s share. Some $950 million was taken from exchanges and wallet providers. The below chart says it all. Despite Bitcoin losing 80 percent in value, there were 3.6x more hacks on exchanges than in 2017.