Bitcoin theft reached $90 mil. in 2017, from $3 mil. in 2013: Chainalysis
- 6 years ago
If you are trading digital currency,.. you may wanna pay special attention to this next story.
Forensic firm Chainalysis says online criminals are ditching the world's most popular cryptocurrency Bitcoin.
Its report shows the proportion of Bitcoin transactions related to "dark web" sites, where people often engage in criminal activities had fallen from 30-percent to under one percent-- why? because it takes too long to process transactions and fees are too high.
But while criminals may be turning away from Bitcoin for ordinary transactions,... they haven't lost interest in it altogether,... as Bitcoin theft has risen from three million dollars in 2013 to 95 million in the span of three years.
The firm added that, in 2017 alone, some 90-million dollars worth of Bitcoin had been stolen, using prices at the date of the hack.
Forensic firm Chainalysis says online criminals are ditching the world's most popular cryptocurrency Bitcoin.
Its report shows the proportion of Bitcoin transactions related to "dark web" sites, where people often engage in criminal activities had fallen from 30-percent to under one percent-- why? because it takes too long to process transactions and fees are too high.
But while criminals may be turning away from Bitcoin for ordinary transactions,... they haven't lost interest in it altogether,... as Bitcoin theft has risen from three million dollars in 2013 to 95 million in the span of three years.
The firm added that, in 2017 alone, some 90-million dollars worth of Bitcoin had been stolen, using prices at the date of the hack.