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Crypto thieves have stolen over $760 million so far this year, triple the amount robbed in the whole of 2017

$761 million

Crypto thieves managed to steal $761 million from exchanges around the world between January and June, almost three times the $266 million stolen in the whole of 2017, and five times the $152 million robbed in 2016.

Published   |  Photo by Reuters/Kacper Pempel
Illustration file picture shows a man typing on a computer keyboard in Warsaw
$761 million

That level of growth in crypto crime has helped create an entire new market dedicated to laundering the stolen funds, according to US blockchain security company CipherTrace, who compiled the numbers.

Illustration file picture shows a man typing on a computer keyboard in Warsaw
$761 million

“This overall market expansion has created a whole new generation of cyber criminals that didn’t exist 15 months ago,” CipherTrace CEO David Jevans told Bloomberg.

Illustration file picture shows a man typing on a computer keyboard in Warsaw
$761 million

This burgeoning coin laundering sector follows the quick explosion of activity in the cryptocurrency space—with its growing number of poorly regulated currencies, exchanges, and companies.

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