let's give this some context. chargebacks and chargeback fraud alone costs e-commerce merchants $40 billion per year now.[/url]
so a rate of $5 billion/year doesn't seem that crazy for crypto theft and fraud. bitcoins cost more than $5k a pop---we're in the big leagues now.
In that contest it true that it is not a big thing, but lets see what blockchain is all about, every transaction is recorded and it is not like the rest of the financial transactions, every transactions can be traced and we could eliminate every fraud in the market and bitcoin could be a market that bad actors would not dare to try and we will reach those position in the future and i hope every fraud being done with blockchain will be traced back in the future and they will get punished for their actions.so a rate of $5 billion/year doesn't seem that crazy for crypto theft and fraud. bitcoins cost more than $5k a pop---we're in the big leagues now.