$356 million in cryptocurrency stolen in first three months of 2019

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$356 million in cryptocurrency stolen in first three months of 2019
By David Canellis


Cryptocurrency thieves earned at least $356 million in the first quarter of 2019, which could see the industry face a billion-dollar money laundering problem by year’s end. Payments from US-based exchanges to offshore cryptocurrency wallets also increased 46 percent over the last two years, analytics firm CipherTrace reports with new research. “Once these payments reach exchanges and wallets in other parts of the globe, they fall off the radar of US authorities,” said CiperTrace. “This highlights a major regulatory blind spot for the US.” Five cryptocurrency exchanges hacked in the first three months of 2019 Thieves stole $16 million from long-serving…

This story continues at The Next Web


May 1, 2019 at 06:17PM
via The Next Web http://bit.ly/2XS0Vou

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