Post
Topic
Board Bitcoin Discussion
Re: Crypto thefts, fraud hit $1.2 billion in Q1 report
by
Slow death
on 01/05/2019, 20:09:18 UTC
Can you believe that losses from the theft of crypto from exchanges due to fraud hit $1.2B?

https://www.reuters.com/article/us-crypto-currency-fraud/cryptocurrency-thefts-fraud-hit-1-2-billion-in-first-quarter-report-idUSKCN1S62P3

I still can't wrap my mind around why people wouldn't want to have compliance with AML and KYC to better help that this doesn't happen

one of the things that makes me very angry and disappointed with this cases of hackers is that the thieves are never found and punished. different from real life where there are many chances of thieves being found and punished. We need laws, we need governments to inspect the exchanges. we need to have responsible exchanges and there is another question: how are the people who lost their funds in the exchanges will be compensated?