Cryptocurrency theft has tripled

According to Bloomberg, a new report shows that criminals are stealing more cryptocurrencies from exchanges.

cipherTraceAccording to its initial quarterly report, in the first half of this year, more than7.6Billions of dollars in cryptocurrency have been stolen from exchanges, and it's almost2017Three times the full year.

cipherTraceIt is a blockchain security company headquartered in Menlo Park, California, and has partnered with40A number of companies and governments have partnered to track crypto transactions.

pursuantCoinMarketCap.comThe data, until now100The market capitalization of cryptocurrencies is approximately2700Billions of dollars.cipherTraceIt said that services that can clean up “black money” are widely available, and some have even passedGoogle AdWordsAdvertise.

“There are now so many cryptocurrencies, they are worth the money, and there are plenty of exchanges around the world that can be cashed out. We have seen not only traditional cyber gangs, but also a new group of criminals entering this space.“CEO David Jevins (David Jevans) Said in a telephone interview. “This overall market expansion has created a new generation of cybercriminals, which didn't exist 15 months ago.”

The number of cryptocurrencies exceeds1600Well, tracking them is becoming more and more difficult, which brings convenience to criminals. Regulators say many exchanges and startups are issuing new tokens without checking customer identities to confirm that users have not laundered money. Users also usually display an anonymous address when buying and selling tokens.

At the same time, many exchanges, as well as new ones, have security flaws. However, once a cryptocurrency is stolen, it is often impossible to return it to the user, nor can the thief be traced.

“It's much easier than robbing a bank,”Jevins said.

Global regulators are likely to crack down on crypto money laundering activities, Jevins said. This may be beneficial to investors, but some tokens may suffer losses.

“Exchanges may kick out some small tokens because it is difficult to track transactions,”he said.

Author: Wang Jiali

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