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.
It might surprise you that it is even more than that with today's skyrocketing price. In 2017 when the price of bitcoin went up, the rate of stolen bitcoins was around $15 billion according to Fast Company and the number of coins that have been stolen is about 980,000 and it is likely to be more than that, but since the price has dropped since the bear trend started the worth will be below $15 billion I think.