Tag Archives: total losses

According to research by CipherTrace, losses from hacker attacks and fraud in the cryptocurrency market in the first analytical quarter of 2019 reach $ 1.2 billion. 356 million, or 29% of the total, are losses to exchanges, including 195 million of the Canadian platform QuadrigaCX, which disappeared after the death of its founder. The bulk is $ 850, allegedly used illegally by Bitfinex to cover losses from Tether reserves. Based on CipherTrace’s calculations, for the first quarter of 2019, the estimated losses were 71% of the total losses for the entire 2018 ($ 1.7 billion). The company’s analysts say that the indicated amount includes only public information, and the real figure is most likely much higher.. Bitcoin and Ethereum Fall Substantially in $18 Billion Crypto Market Wipeout The main reason for the rise in crime in the market is the lack of clear AML / CFT rules and gaps in the control…

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