Re: Crypto thefts, fraud hit $1.2 billion in Q1 report

Quote from: akeegan on April 30, 2019, 09:38:38 PM

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

With new financial technological innovations there will always be those who are looking to exploit the usage rather than support the movement. It just comes with the territory. The more Blockchain finacial tech evolves, the more elaborate the schemes and scams will become.