$1bn in crypto lost to hackers this year, exchanges facilitate $2.5bn in laundering
As part of a report that serves as a stark reminder of how the cryptocurrency market is still mired in criminal practices, in more ways than one, cybersecurity firm CipherTrace estimates that the theft of digital currencies through the hacking of exchanges and trading platforms in 2018 amounts to $927m. Just three-quarters of the way through the year, that figure represents a 250% increase on that of 2017. While here at The Block we’ve endeavored to keep track of the larger and more...