Top cryptocurrency scams of 2019 — and how most hackers got away with it
- This year cyber criminals were able to siphon away $4.26 billion from cryptocurrency users and exchanges.
- One of the biggest scams was the hacking of BITPoint, a Japanese cryptocurrency exchange, who lost $30 million.
Hackersare also suspected to be behind the Kraken BitcoinFlash Crash though the perpetrators are still at large.
Like any heist, pulling off a successful scam in only part of the story. A truly successful cryptocurrency hack is when the thieves can steal the money and also make a clean getaway.
That means stealing cryptocurrency from unsuspecting users, avoiding the long arm of law enforcement, laundering that money and finding an exit so that the hackers can actually spend it in the real world.
But, that’s not how it always plays out.
Here are some of the biggest
Japanese Exchange BITPoint Hacked for $30 million
Hackers Steal $40 Million in Crypto from Binance
Two Israeli Brothers Steal Tens of Millions in Typosquatting Scam
Six Arrested in UK and Netherlands over $27 million Typosquatting Scam
Hack Suspected as Cause of Kraken Bitcoin Flash Crash
$10 Million in XRP Stolen from GateHub
Singapore Exchange Bitrue Hacked for over $4 million
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