Quote from: audaciousbeing on January 04, 2019, 09:49:02 AM

Quote from: Jennifer.mathew731 on December 12, 2018, 09:11:02 AM

Cryptocurrency intelligence firm reported that CipherTraces Q3, 2018, cryptocurrency thefts had already reached $927 million.

Previously CipherTrace second-quarter report said, the company identified that there were more thefts during the first half of 2018 compared to the entire year of 2017 alone. Some $731 million worth of cryptocurrency was stolen from exchanges with some of the most notable hacks including that of Japanese exchange Coincheck at $530 million, and BitGrail that lost some $195 million dollars worth of tokens.

As of the Q3 report, the number now stands at $927 million lost in cyber attacks and CipherTrace predicts that this trend will continue. By the end of the year, they say, thefts will add up to well over $1 billion.

You will have done more justice by including the source of this information for the benefit of anyone who wants to surf further and have a more elaborate information on the subject matter.

The issue of theft is not something new in the crypto industry and I am surprised is even kept at that which is due to the general low ebb in the entire market and also not including the little known exchange site that have suffered similar fate in the hands of hackers. Like I always maintained, until there is a situation where the administrators of this exchange sites are made to pay for their ineptitude, we will still continue to see more of this.

Frequently this think what happening in all over the world especially Bitcoin hacking in continuously running by some people it is not right thing to do but we don't do anything against it the only thing is preventing is better than cure so make your Bitcoin or other investment more stronger by securing it it will only helping you to be safer.