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Hackers stole almost $1 billion in this year.

By Rafał - 2018-10-10

If you are still holding a lot of cryptocurrencies at exchanges this is great example why you should not.

As we can read at reuters.com through hacking of exchanges and trading platforms crypto-thieves stole $927 million this year already. This is 250% more than last year according to a report from U.S.-based cyber security firm CipherTrace.

In 2017 value of stolen digital currencies from exchanges was $266 million. 

Also according to CipherTrace Anti-Money Laundering report 97% of Criminal Bitcoin directly received by Exchanges flowed into those unregulated located in Countries with weak AML laws.

Cryptocurrencies are more and more popular so also a lot of scammers and hackers trying to steal as much as possible. It is very likely that in this year value of stolen crypto will rise to $1 billion. This is the biggest warning that you can get yo withdraw your assets from exchanges. Never hold a lot of crypto in exchange or web wallets.