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.
hackers always make panic companies and individual traders, from this news many traders are afraid to save their assets in the crypto market.
if think back it is true that the crypto market is made for trading, not for storing assets, if you want to keep assets better in a personal wallet
if you are lazy to store assets in a personal wallet because sending assets to trade on the market takes time and there are fee on transaction, then you can store on the crypto market but, must be prepared to risk losing if the crypto market is successfully hacked