The crypto firm Nomad in the United States has been the victim of a $190 million theft, according to blockchain researchers on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said in a tweet that it was “aware of the incident” and was looking into it, but provided no… Continue reading U.S. Crypto Firm Nomad Hit by $190 Million Theft
Tag: cryptocurrency theft
Crypto Crime Falls During First Four Months of 2021, DeFi Fraud Soars Report Shows
Losses from cryptocurrency theft, hacks and fraud fell sharply in the first four months of the year, but crime in the booming “decentralised finance” space hit an all-time high, a report from crypto intelligence company CipherTrace showed. DeFi applications are platforms that facilitate crypto-denominated lending outside traditional banking, using an open-source code with algorithms that… Continue reading Crypto Crime Falls During First Four Months of 2021, DeFi Fraud Soars Report Shows
Cryptocurrency Crime Drops in 2020 But Decentralize Finance Breaches Rise, Study Finds
Losses from cryptocurrency theft, hacks, and fraud fell 57% last year to $1.9 billion, as market participants boosted security systems, but crime in the ‘decentralized finance’ space continued to grow, a report from crypto intelligence company CipherTrace showed. Criminals got away with a record $4.5 billion in 2019 in the crypto market. Fraud was the… Continue reading Cryptocurrency Crime Drops in 2020 But Decentralize Finance Breaches Rise, Study Finds
Cryptocurrency Theft Hits Nearly $1B in First Nine Months
Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927m in the first nine months of the year, up nearly 250% from 2017, according to a report from US-based cyber security firm CipherTrace released in New York on Wednesday. The report reflecting criminal activity and money laundering in the digital currency market… Continue reading Cryptocurrency Theft Hits Nearly $1B in First Nine Months