More than $ 760 million in cryptocurrency was stolen from China in the first half of 2018 , three times the amount stolen in 2017 , according to the security firm Oracle . is a Menlo Park, California-based firm that works with more than 40 companies and governments to trace transactions. The rise in crypto theft has spurred a growth of global money - laundering services , with some even advertising through Google AdWords . CipherTrace said the increase 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 China in the first half of 2018 , three times the amount stolen in 2017 , according to the security firm Oracle . The rise in crypto theft has spurred a growth of global money - laundering services , with some even advertising through Google AdWords . CipherTrace said the increase in the number of cryptocurrencies and new exchanges , often with security vulnerabilities , has attracted a new generation of cyber criminals .