Post
Topic
Board Altcoin Discussion
Re: Crypto Crime is getting Worse, what do we do?
by
Kemileye
on 13/07/2019, 19:28:01 UTC
https://news.yahoo.com/cryptocurrency-thefts-fraud-hit-1-211446327.html

In Q1 alone of 2019 there was $356m in theft of digital currencies from exchanges and scams while losses from fraud hit 851m. This number includes the QuadrigaX scam which accounts to about $134m in total losses.

What can we do to help stop these from happening and getting worse?

As regards the issue of ICO scam the only solution to that is regulation of the conduct of ICO. On the other hand, the issue of exchange hack has been a great concern and its above the power of the exchange itself because hackers are at work everyday and exchanges are prone to attack by the hackers. I think exchanges need more security in this aspect in order to stop hackers threat against exchanges.