One report finds that #cryptocurrency crime losses doubled with more than $ 4.5 billion in 2019
Cryptocurrency crime losses increased to $ 4.52 billion last year, as insider stealing skyrocketed even when piracy losses declined, according to a report by blockchain company CipherTrace as seen by Reuters.Last year's losses increased almost 160% from the total of $ 1.74 billion in 2018.Blockchain, which first emerged as the system that feeds bitcoin, is a shared database maintained by a computer network.Losses of cryptocurrency users and investors due to fraud and misappropriation in 2019 increased more than five times, while hackers and robberies fell 66%, according to the report. |
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