Crypto Cybercrime Has Tripled Since 2017; Nearly $1 Billion Lost in 20180.02

Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.

These are the unsettling claims made by a new report released by blockchain and virtual currency forensics firm CipherTrace.

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