Topic: Ciphertrace Reports Thefts Top 1.2 Billion in Q1 Report (Read 87 times)
I think it can be avoided by having proper compliance and a backup plan like Biance had. I know Ciphertrace is one company in particular that works with exchanges and there may be more
Yea, this is the problem with decentralized currencies. No repercussions or hope of repossession for stolen crypto. At least in Binance's case they were able to match the losses in order to keep things steady.
wow that's such a bummer to see. I wonder if this has to do with more people involved in using cryptocurrency. Curious to see how regulations/government involvement over the next year and also compliance within exchanges
2018 had around $1.7 billion stolen from exchanges over the course of a year and in just the first few months of 2019 there have been $1.2 billion stolen total. This is quite alarming.
Interested to see what Ciphertrace reports for Q2.
What are your thoughts and reasoning behind this?
https://www.newsbtc.com/2019/07/23/crypto-asset-thefts-top-1-2-billion-in-q1-2019-report-states/
Interested to see what Ciphertrace reports for Q2.
What are your thoughts and reasoning behind this?
https://www.newsbtc.com/2019/07/23/crypto-asset-thefts-top-1-2-billion-in-q1-2019-report-states/
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