10% of money raised in crypto offerings lost, stolen: Report
Over 10% of the $3.7 billion raised via Initial Coin Offerings (ICOs) have been lost or stolen, according to an Ernst & Young report. After analysing over 372 ICOs, it found that about $400 million has been stolen. It added that hackers steal up to $1.5 million in ICO proceeds every month, mainly through phishing attacks.