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Crypto Criminals Have Stolen Over $1.3B In 2020

Ramsey Baker

Summary: In 2020 cryptocurrency criminals have already managed to steal over $1 billion, according to CipherTrace. On June 2, the blockchain analytics firm released its “Spring 2020 Cryptocurrency Crime and Anti-Money Laundering Report” which found that crypto thefts, hacks, and frauds have made $1.36 billion in the first 5months of 2020. At this pace 2020 would ...

In 2020 cryptocurrency criminals have already managed to steal over $1 billion, according to CipherTrace.

On June 2, the blockchain analytics firm released its “Spring 2020 Cryptocurrency Crime and Anti-Money Laundering Report” which found that crypto thefts, hacks, and frauds have made $1.36 billion in the first 5months of 2020.

At this pace 2020 would be the second-costliest year in the history of crypto, behind 2019’s record $4.5 billion, but will likely surpass 2018’s $1.7 billion, the firm estimates.

By Ramsey Baker

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