Bitcoin Theft Skyrocketed to Almost $2 Billion in 2018, Says New Report6

A new report by CipherTrace says that hackers and other cybercriminals stole about $1.7 billion worth of Bitcoin and other cryptocurrencies in 2018. The Menlo Park-based blockchain forensic analysis firm says this number represents a fivefold increase from 2017’s figures.

In a new document titled “Cryptocurrency Anti-Money Laundering Report, 2018 Q4,” CipherTrace revealed that “bad actors” successfully stole $1.7 billion in cryptocurrencies from hacks and other elaborate scams. Out of this number, about $950 million came from cyberattacks on Bitcoin exchanges.

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