Bitcoin’s popularity and the emergence of several other digital coins have drawn the attention of hackers into the cryptocurrency space as a whopping $927 million worth of digital currencies was stolen in the first nine months of 2018, according to a report by US-based cyber-security firm CipherTrace. The numbers for cryptocurrency theft through hacking of trading platforms and exchanges are huge and have risen significantly as there is a three-fold increase during the first half of 2018 as compared with the entire 2017. As per a previous report by CipherTrace, just $266 million worth of cryptocurrencies was stolen in 2017.
“Most notable were the $530 million worth of tokens stolen in Japan from Coincheck and $195 million
worth of tokens stolen from BitGrail,” it said in the report.
According to the latest report by CipherTrace, which tracks money laundering and criminal activity in the digital currency market, smaller thefts in the range of $20-60 million have steadily risen, totalling to about $173 million in the third quarter, with more frequent attacks becoming common.