CipherTrace: Attackers have embezzled $ 4.3 billion in cryptocurrencies since early 2019
The amount of funds stolen by cybercriminals from investors, users and cryptocurrency exchanges in 2019 amounted to $ 4.3 billion, writes Cointelegraph, citing a new report from CipherTrace.
Analysts at CipherTrace examined theft and fraud types of cryptocurrency crimes. In the first quarter, hackers stole over $ 124 million from exchanges and $ 480 million since the beginning of the year.
Largest incident was PlusToken’s exit scam, which allegedly lost $ 2.9 billion in investors.
Bitcoin turned out to be the most widespread cryptocurrency among cybercriminals. It was used to sell drugs, weapons and banking information. Ethereum, Litecoin, Monero, Bitcoin Cash and Dogecoin were also among the visitors of illegal trading platforms..
“The results show that privacy-focused coins are hardly used in illicit markets (so only 4% of the time they used Monero). Bitcoin, by contrast, remains the coin of the shadow world. Its use was noted in 76% of cases, “the publication says..
If we talk about malware, including ransomware, then the share of bitcoin will be even higher – 98%.
Recently, it was reported that hackers from North Korea could be responsible for stealing $ 2 billion from virtual vaults of banks and cryptocurrency exchanges..
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