1.2 billion is nothing compared to other industries.
According to TransUnion, back in 2016 the E-commerce market lost 7 billion dollars because of fraud in the US, a figure that it's expected to reach over 30 billion dollars by next year.
Wow thats a huge amount of sums being stole by criminals but thats normal for other industries because they also have a huge market cap while here on cryptocurrencies , our market cap is only small and if billions are being stole , that is already bothering .
But the mainstream media won't say anything about this, the guys pulling the strings behind the scenes in these news sites only want the general public to have a negative perception on cryptos...Bastards.
News or news sites or even any other people can give their own opinion . they create an article whether legit or hoax but thats normal. There are good news and there are bad news on crypto but we a real crypti user will understand that crypto is not a currency that being used by fraudsters . crypto is not a dangerous currency .