$1 Billion Dollar’s Worth of Cryptocurrency Stolen in 2018 - page 11.

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

Quote

Scam or hack in crypto is part of investment like that's the risk so if you going to make a site better for you to consult the best developer that can activate good security because anytime they can really scam or hack you in an instant then like in trading site if that happen there no one will trust you anymore and that's why users will not use that then you will force to close that,Moreover as a users use hardwallet and we have many trusted site here

Scam and hack are two different things. All of the stolen cryptocurrencies from different exchanges were hacked not scammed. You can easily avoid scams if you are aware and cautious on the things you do online. Hacks are unavoidable online but they can be stopped by setting up certain wallets that have several security layers. Even air gapped wallets which is considered to be one of the most secured wallet can be hacked.

Source of the OP (for those who want to read the entire article) :
https://www.ccn.com/1-billion-dollars-worth-of-cryptocurrency-stolen-in-2018/
https://blockexplorer.com/news/biggest-cryptocurrency-hacks-2018/

Panxora_COO

sr. member

Activity: 563

Merit: 254

Chief Operating Officer of the Panxora Group

This report is absolutely fascinating! It is a testiment to how young and inexperienced crypto-business founders are that the same vulnerabilities appear again and again and are exploited repeatedly. This is something my partners and I talk about all the time and are building safeguards into all our cryptobusinesses that take heed of the common and known vulnerabilities. I see that Ciphertrace offers solutions for these issues. What great positioning for a company right now.
Thank you for the information!

hugeblack

legendary

Activity: 2702

Merit: 4002

Comparing those thefts to US dollars to maximize their value is not considered a valid comparison.
The price was above $ 10,000 "&Bumping altcoins" during the first quarter of this year, most of these thefts related to platforms, some manipulation of prices and exploitation of weak legal control.
We have not heard of stealing thousands of cryptos at the moment and people are becoming more aware of wallets.

Jennifer.mathew731

newbie

Activity: 14

Merit: 0

Cryptocurrency intelligence firm reported that CipherTrace’s Q3, 2018, cryptocurrency thefts had already reached $927 million.

Previously CipherTrace second-quarter report said, the company identified that there were more thefts during the first half of 2018 compared to the entire year of 2017 alone. Some $731 million worth of cryptocurrency was stolen from exchanges with some of the most notable hacks including that of Japanese exchange Coincheck at $530 million, and BitGrail that lost some $195 million dollars’ worth of tokens.

As of the Q3 report, the number now stands at $927 million lost in cyber attacks and CipherTrace predicts that this trend will continue. By the end of the year, they say, thefts will add up to well over $1 billion.

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