Losses from cryptocurrency crime surged to US$4.52 billion last year, as insider theft soared even as hacking losses declined, according to a ...
Losses from cryptocurrency crime surged to US$4.52 billion last year, as insider theft soared even as hacking losses declined, according to a report from blockchain forensics company CipherTrace seen by Reuters.
Cryptocurrency user and investor losses due to fraud and misappropriation in 2019 increased by more than five times, while hacks and thefts fell by 66per cent, the report showed. Users and customers lost roughly US$3 billion from an alleged Ponzi scheme involving crypto wallet and exchange PlusToken.
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