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Virtual Currency Crime Losses Are Up More Than 150% From Last Year In Just 9 Months
Summary: Losses due to virtual currency crime are up more than 150% in a mere nine months compared to the entirety of 2018. In just nine months losses have reached $4.4 billion, this is a huge increase from the $1.7 billion seen in all of 2018. According to CipherTrace two giant thefts were the main cause for ...
Losses due to virtual currency crime are up more than 150% in a mere nine months compared to the entirety of 2018.
In just nine months losses have reached $4.4 billion, this is a huge increase from the $1.7 billion seen in all of 2018. According to CipherTrace two giant thefts were the main cause for the massive increase. PlusToken ran a Ponzi scheme that lead to customers losing $2.9 billion. The other came when Canadian crypto exchange QuadrigaCX stole $195 million from customers.
By Ramsey Baker
Tags: CipherTrace,Crime,Cryptocurrency
Link: Virtual Currency Crime Losses Are Up More Than 150% From Last Year In Just 9 Months [Copy]
