Crypto It's a world of billions of dollars now, and Capt good and bad actors to the Market, ones building it to reach new highs never achieved before, others just studying the best ways to delay those achievements. And those bad actors in the crypto space stole over $4.26 billions in assets only in 2019.
That amount was stolen involving various methods adopted by the cybercriminals, from SIM swapping, phishing, URL hijacking, viruses among others, that take down the best security defenses using the latest upgrades to protect their customers and capital invested in their Business. The criminals are becoming more sophisticated and well organized than ever.
Even the largest and well known Crypto Exchange Binance suffered a big loss in 2019 and the Hackers using various methods to hide their intentions took over $40 million in customers assets, that the Exchange prompt assumed to restore them to the customers!
Marks from 2019 are putting it as a nightmare year in cryptocurrency theft, as to compare the whole 2018 year, despite being a lot, the market lost $1.7 billions to the criminals and 2019 "doubled" that value registering an astonishing $4.26 billions!
QuadrigaCX (the largest Canada crypto exchange at the time) is also a part of those numbers, as the late CEO died and took over $195 Million from customers with him, being him the solely owner of the private keys from the wallet exchange.
The Plus Token Ponzi scheme that took almost $2.9 billions on assets from customers is quoted as one of the most disastrous ever registered Exit Scam on the crypto market.
**Exit scam is considered a fraudulent new Cryptocurrency launched by scammers based in a promise to deliver a product detailed in a "whitepaper", lure investors to fund it thru a ICO before Vanish with the customers money!
The crypto space only in 2019 lost billions $4.26 billions of dollars to the hackers and fraudulent business and that caused the whole world to reassure the need in clear rules to legalize and tax crypto profits in the name of major security. We are not seeing a bubble or a thin air in the market but are huge and strong worldwide market of assets driving billions of Dollars, movement different crypto assets and shown the world that Satoshi Nakamoto dreams are now true.
Inconveniences are caused by the ones that are planning to always crack the Market and steal People funds, and they won't stop as the market grows they also get more knowledge, and could also able to crack smart contracts from DeFi protocols, that recently hacked $645k!
RepublishedArticle Original found at Uptrennd Platform From My Authorship Here.
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