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.
I am pretty sure it is more than that like 1.5-2 billions that are now in the pockets of topnotch hackers or huge whale group of scammers or anyone related to any syndicate that has a huge influence on the financial industry. But ICO barely scam anyone anymore so I hope the next batches of upcoming exchanges have learned from those reports to tighten up their security.