About $1.2 Billion in Cryptocurrency Stolen Since 2017 (reuters.com)

Criminals have stolen about $1.2 billion in cryptocurrencies since the beginning of 2017, as bitcoin's popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to estimates from the Anti-Phishing Working Group released on Thursday. From a report: The estimates were part of the non-profit group's research on cryptocurrency and include reported and unreported theft. "One problem that we're seeing in addition to the criminal activity like drug trafficking and money laundering using cryptocurrencies is the theft of these tokens by bad guys," Dave Jevans, chief executive officer of cryptocurrency security firm CipherTrace, told Reuters in an interview.

Comments

Isn't the bigger news

[rsilvergun]

that the Justice Dept is criminally investigating people involved in fixing the price of bitcoin?

Re:Does anyone happen to know

[ole_timer]

the way crypto currency works there is no bank involved. you load the "wallet" as a file onto your system that says how much you have and you generate a private key to open the wallet. you pay for the contents of the wallet. then as you spend (anonymously) the wallet is reduced by the block chain to show your spend and balance. idiots don't protect their wallet and private key as cash, so they get ripped off. stupido dumbo.