Criminals are still drawn to Bitcoin. The world’s leading cryptocurrency lacks anonymity and privacy. Even so, it is often used as a tool to hide monetary transactions. The first six months of 2019 have been rather telling in this regard. Over $4bn worth of Bitcoin has been stolen from investors during this period alone.
Criminals Want Your Bitcoin
It is a well-known fact that Bitcoin is often associated with criminal activity.
Crypto security and intelligence firm CipherTrace has published its Q1 2019 Cryptocurrency Anti-Money Laundering Report, revealing that exchange platforms all over the world have lost nearly $400 million as a result of hacks and thefts.
Hacks Are Making Bank
According to the firm, the report is based on an analysis of 164 million Bitcoin-based transactions.
In the cryptocurrency world, there has never been a lack of nefarious projects, theft, and hacking attempts. In Israel, it would appear as if a recent indictment is making a fair bit of attention. One citizen has been indicted for stealing nearly 1% of the entire Dash supply to date. A very interesting claim which warrants some explaining.
The Major Dash Heist Explained
Anonymous and privacy-oriented cryptocurrencies have attracted a lot of attention over the past few years.
The alleged thief behind Iceland’s “Big Bitcoin Heist” has escaped from prison and escaped to Sweden.
Sindri Thor Stefansson, who is accused of stealing 600 cryptocurrency mining computers across at least four separate incidents between December 2017 and January 2018, allegedly flew to Sweden on a flight with Iceland’s prime minister, according to a report from The Guardian published Wednesday.
It would appear the cryptocurrency exchange industry is far from drama-free at this time.
In the cryptocurrency world, stealing funds is nothing new under the sun whatsoever.