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
Tag: decentralized finance
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