Over $4.4 Billion Lost in 2019 in Crypto Fraud – Altcoin Ninjas

Hey ninjas, how’s the trading going? The largest and most popular cryptocurrency is once again trading above $7K. At press time BTC is trading at $7,585 and is reporting gains of 6.25% in the last 24 hours.

CipherTrace security firm released a Cryptocurrency Anti-Money Laundering Report for the third quarter of 2019 and according to the report, $4.4 billion was lost in cryptocurrency-related fraud.

The report notes a significant reduction in cryptocurrency-related crimes when compared with previous quarters and is so far the lowest in quarterly thefts in 2 years. In this quarter, $6.5 million was reportedly stolen from cryptocurrency exchanges and cryptocurrency users were duped out of $9 million in Ponzi schemes and exit scams.

A total of $15.5 million was lost in this quarter making it the lowest number of cryptocurrency crimes of any quarter. Though the total of cryptocurrency theft on the year has increased significantly since 2018, cryptocurrency thieves seem to go after larger sums, a total of $4.4 billion in losses in 2019.

CipherTrace looked into the 120 most popular cryptocurrency exchanges compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering). CipherTrace discovered that 35% of the 120 crypto exchanges have secure KYC standards, the KYC standards of 41% of them could be manipulated and 24% have weak standards.

Don’t always forget to holla at Ninja Discord anytime to talk about cryptocurrency. You can as well check out our exclusive Ninja coin giveaways and Trading View analysis.

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

Handelsplätze / Börsen: Bitcoin.de | KuCoinBinanceBitMexBitpandaeToro

Lending / Zinsen erhalten: Celsius NetworkCoinlend (Bot)

Cloud Mining: HashflareGenesis MiningIQ Mining

Werbung: Immobilienmakler HeidelbergMakler Heidelberg

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.