Crypto Scammers Bagged $4.3 Billion in Q2 By Cryptovest



Exploits, scams and schemes netted $4.3 billion’s equivalent in the second quarter of 2019, shows research by Cipher Trace. Exploits in the crypto space remain very varied, calling on the vigilance of traders, investors and crypto enthusiasts.

The biggest scam in 2019 turned out to be a Ponzi scheme, known as Plus Token. The project, targeting mostly South Korean investors, opened a dedicated exchange, which then exit-scammed, taking away the equivalent of $2.9 billion.

Compared to this giant scheme targeting a wider audience outside the space of crypto enthusiasts, the hacks against Binance and BitPoint are relatively small. Binance lost the equivalent of $44 million in BTC, and the BitPoint theft netted around $30 million.

Exch…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Leave a Reply

Your email address will not be published. Required fields are marked *