Quote from: ApocalypseNow on April 23, 2019, 05:16:48 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.

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.

Hackers are always active on this crypto currency world and looking to exploit any loopholes. In 2019, Crytopia exchange was hacked. At first i had a feeling that it was some insiders job or scam exit case but later the exchange came back online and team are working to restore their services as soon as possible, which means it was a really hacked.