Bitcoin THEFT to hit $1.5 BILLION in 2018 - 'risks from digital currencies are huge'BITCOIN is being stolen from cryptocurrency exchanges at an alarming rate with a massive £570 million ($761 million) taken through hacks so far in 2018, compared with $266 million for the whole of 2017.
A new report from US-based cybersecurity firm CipherTrace shows how cryptocurrency exchanges are becoming a soft target for hackers and cyber criminals with the direct theft of coins already soaring to three times the amount in the first half of 2018 compared to the levels recorded for the whole of 2017.The report, which looks at the global anti-money laundering market, estimates that the losses could rise to £1.12 billion ($1.5 billion) this year.Dave Jevans, chief executive officer of CipherTrace said: “Stolen cryptocurrencies are three times bigger this year than last year so the trend is obviously not our friend here.”
