“There are so many cryptocurrencies now, and they are worth so much money, and there are so many exchanges globally where you can cash out, More than $760 million in cryptocurrency was stolen from exchanges in 2017 , nearly three times the amount stolen in the first half of 2018 , according to blockchain security firm CipherTrace . The rise in crypto theft has spurred a growth of global money-laundering services, with some even advertising through Google AdWords . CipherTrace said the growth in the number of cryptocurrencies and new exchanges, often with security vulnerabilities, has attracted a new generation of cyber criminals.
More than $760 million in cryptocurrency was stolen from exchanges in 2017 , nearly three times the amount stolen in the first half of 2018 , according to blockchain security firm CipherTrace . The rise in crypto theft has spurred a growth of global money-laundering services, with some even advertising through Google AdWords . CipherTrace said the growth in the number of cryptocurrencies and new exchanges, often with security vulnerabilities, has attracted a new generation of cyber criminals.