Cryptocurrency theft on the rise

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Over the past year, the cryptocurrency industry has seen increasing mainstream adoption, but this has been accompanied by hacks and thefts that have resulted in the loss of millions of dollars.

According to data Studied by Trading Platforms UK, the value of cryptocurrency hacks and thefts between 2019 and 2020 increased 38.38%, from $ 370.7 million to $ 513 million. In the past five years, the value was highest in 2018, at $ 950 million.

Elsewhere, the value of blockchain fraud and hijacking declined between 2019 and 2020 by -57.77%, from $ 4.4 billion to $ 1.3 billion. Cumulatively in 2019, the value of cryptocurrency theft and blockchain fraud was $ 4.5 billion, while the last …

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