Crypto Criminals Soak up $4.three Billion in 2019, CipherTrace Stories

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Cryptocurrency criminals have taken in an estimated $4.three billion USD in 2019, in response to CipherTrace.
CipherTrace, a cryptosecurity firm based mostly in Silicon Valley, has launched its Q2 2019 Cryptocurrency Anti-Cash Laundering (AML) Report, which is an in depth overview of main cryptocurrency thefts, scams, and fraud all over the world. The agency’s Q1 report estimated that cybercriminals illicitly obtained greater than $1.2 billion USD in cryptocurrency throughout the first three months of the yr alone. To place the severity of those determine in context, final yr’s complete determine for crypto theft was $1.1 billion USD.
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