The biggest cryptocurrency scams and arrests of 2019 so far

in #cryptocurrency5 years ago

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In 2019 alone, cybercriminals were able to siphon away $4.26 billion from cryptocurrency users and exchanges, according to a new report by CipherTrace.

BITPoint, a cryptocurrency exchange in Japan, suffered one of the biggest scams this year, losing $28 million in July.

Six people were arrested in the Netherlands and the UK over a $27 million "typosquatting" scam, which involved making a fake website to gain access to user Bitcoin wallets.

Binance, one of the world's largest cryptocurrency exchanges, had $40 million of bitcoin stolen in May.

Source: Business Insider