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Home>GoldWire>Crypto theft hits nearly $1 billion in first nine months, report says

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Crypto theft hits nearly $1 billion in first nine months, report says

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Chris Powell

GATA

Published : October 11th, 2018

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Category : GoldWire


	NEW YORK -- Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security firm CipherTrace released today. The report, which looks at criminal activity and money laundering in the digital currency market, also showed a steadily growing number of smaller thefts in the $20-60 million range, totaling $173 million in the third quarter. Digital currencies stolen from exchanges in 2017 totaled just $266 million, according to a previous report from CipherTrace. ... ... For the remainder of the report: https://www.reuters.com/article/us-crypto-cur...ptocurrency-...

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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