According to a report by CipherTrace, $927 million worth of cryptocurrency was stolen in the first three quarters of 2018.
That is 3.5 times as much as the amount of crypto stolen in 2017. The bulk of stolen money was taken from crypto exchanges in high-profile hacks.
CipherTrace’s experts reported that amount of cryptocurrencies stolen during the first half of 2018 exceeds the amount of money taken during the past year. Experts estimate that the amount of stolen crypto will reach $ 1 billion by the beginning of next year.
As reported, the US is one of the most vulnerable countries to cryptocurrency theft — more than half of the attacks took place in the country.