How Hackers Stole $1.7b Crypto In 2018 (newsBTC.com)
While 2017 was the year of crypto gains, 2018 was the year of crypto theft, according to new data.
From leading cryptocurrency forensics provider CipherTrace, which helps exchanges, security researchers, and law enforcement better understand the intricacies of cryptocurrencies and blockchain, revealed that around $1.7 billion in crypto had been stolen throughout last year.
The bulk of crypto exchange hackers originated in Korea and Japan, where Coincheck is located, according to CipherTrace.
While CipherTrace’s investigation was geared toward coming up with a total sum of all stolen crypto, another blockchain analysis firm focused on figuring out the who, what, where, and when related to the explosion of cryptocurrency thefts last year.
Cryptocurrency exchanges were hacked out of ~$1B in 2018 by professional groups whose distinct “signatures” might be the key to defending against them.
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Related story: Two Groups Responsible For 60% Of All Crypto Exchange Hacks: Report (coindesk.com)
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