An alleged $ 1.36 billion worth of various cryptocurrencies has been stolen by fraudsters in just the first two months of 2018. And while the ICO craze continues to run with full force, now more than ever we need to address the gravity of the issue and outline the ways you can stay protected.
Cash is Being Burned
It’s no secret that cryptocurrencies are still a fragile target for digital theft, fraud, hacking, and phishing attempts. Some of the most prominent recent heists include the attack against Coincheck where hackers took off with almost as much as $ 500 million, the Bitconnect exit scam which estimates a loss of nearly $ 250 million. Let’s not forget the BitGrail attack – an Italian exchange which reported a loss of almost $ 195 worth of virtual tokens.