Crypto Crime Losses Increase By 160% to $4.5 Billion In 2019

Crypto Crime Losses Increase By 160% to $4.5 Billion In 2019

A drop in the number of crypto hackings hasn’t translated into smaller losses from crypto crimes in 2019. According to a new CipherTrace report, losses from crypto crimes jumped by 160% last year. According to the Q4 2019 cryptocurrency anti-money laundering report from CipherTrace, the total amount of crypto thefts increased during the year by 160% because of which total losses jumped to $4.5 billion.