Almost two billion US dollars in crypto money to have been stolen by criminals in 2018. This resulted in an analysis of the service provider Cyphertrace.
Theft remains a big problem in the crypto-world
Malware, Trojans and other programs pose a risk to Internet users that should not be underestimated. In the context of illegal Bitcoin Minings, for example, hackers use the computers of ignorant users to make money at the expense of others. But most of all, crypto-theft is a growing problem on a number of exchanges that allow speculation with Bitcoin, Ethereum, and now hundreds of other cryptocurrencies. This is confirmed, among other things by a new evaluation of the well-known company Cyphertrace, which is cited in various trade media.
Customers worldwide are threatened with theft
The experts conclude in their analysis for the year 2018 that hackers have captured a total of about $ 1.7 billion in their attacks last year. It should go well 60 percent of the stolen funds alone on the account of two active hacker groups (dubbed alpha and beta), as the analysts say. On average, every successful attack in the said year is said to have caused about $ 90 million in damage. In particular, the first group Alpha is characterized according to the professionals in the house Cyphertrace very professional and well-organized structures. Stock exchanges have problems in reducing such risks.
Offenders take their time before switching to "real money"
The theft is done through a sophisticated system consisting of different crypto wallets and trading platforms. This complicates the follow-up of perpetrators for specialists in a significant way. Before funds are paid, a longer period of time passes, as the analyzes have shown. Until stolen coins are exchanged for fiat money, 5,000 or more transactions are to be made within the digital world. According to findings of the analysis, at least 40 days pass before the criminals finally pay their stolen goods. Even if the investigating authorities are getting better and better at hacking hackers, there are no effective measures against theft of currencies like Litecoin or Dash. Because even the criminals are becoming more creative.
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