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Hi-Tech / Hardware

Losses from crime in the sphere of cryptocurrency in 2019 reached $ 4.5 billion

IXBT.com: ProAudio 11.02.2020 at 17:10

IXBT.com (https://www.ixbt.com) — specialized Russian information-analytical server, highlighting the issues of hardware personal computers, communications and servers, 3D-graphics and sound, digital photo and video, Hi-Fi equipment and projectors mobile communications and peripherals, gaming applications and much more.

According to the report of the analytical company CipherTrace, losses from crime in the sphere of cryptocurrency last year was 4.52 billion. It is almost 160% higher than the figure in 2018, equal to 1.78 billion dollars.

the report says that the loss of users and investors from fraud and misappropriation in 2019 rose more than five-fold, whereas losses due to burglary or theft has decreased by 66%.

According to analysts, since the launch of bitcoin more than 10 years ago, governments and regulators around the world are faced with the opacity of the cryptocurrency market, resulting in huge losses for investors.

the report CipherTrace also said that illegal cryptocurrency services, including exchangers are used to transfer funds to the payment network almost all of the 10 largest banks in the United States. Analysts argue that the typical large U.S. Bank annually performs a "secret" operations on billions of dollars associated with cryptocurrency.

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