According to Cipher Trace, a cybersecurity research firm, “Outright thefts as well as scams and other misappropriation of funds from cryptocurrency users and exchanges continued apace, netting criminals and fraudsters approximately $4.26 billion in aggregate for 2019.” And there are still more than four months to go in 2019.
The report further details the amount of money hackers stole in the form of cryptocurrency. “Rivalling robberies in the first quarter, hackers stole more than $124 million from exchanges and infrastructure in Q2, making a total of $227 million stolen from exchanges so far this year. In addition, $851 million was “lost” by Bitfinex,” noted the report.
It also sheds light on how Bitcoin “dominated cybercrime and dark web”. Bitcoin, according to the report, was a dominant source when it came to the cases of malware and ransomware. Bitcoin was used in 98% of cases involving malware and ransomware.
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