Cryptocurrency: Two hacker groups stole $1B from exchanges – TomoNews

– hacker groups stole 1 billion dollars in cryptocurrency a new report from digital surveillance company chain alice's alleges two hacker groups are responsible for a majority of the cyber crime carried out against crypto currency exchanges combined the two groups have stolen roughly 1 billion dollars in cryptocurrency according to Bitcoin comm chain Alice has identified two groups behind many of the hacks in the field in its latest crypto crime report analysts say on average each hacked from either of the two groups involved around 90 million dollars per incident according to the report at least 50% of stolen cryptocurrency were converted into hard currency through some type of conversion service within 112 days of the hacks chain alice's said 60 4.3 percent of the funds were sent to centralize crypto currency exchanges 11.9% who peer to peer exchanges and the other 23.8% used conversion services such as mixing services but coin ATMs and gambling sites the report found exchanges are regularly processing the stolen funds allowing the hackers to convert the funds to traditional currencies or other crypto currencies this is due to the fact that the stolen funds look like they're coming from the legitimate owners to the exchanges not hacked it can also be difficult for exchanges to tell if crypto currency has been stolen without having specialized investigation software

32 thoughts on “Cryptocurrency: Two hacker groups stole $1B from exchanges – TomoNews”

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