Cryptocurrency thefts and fraud reach $1.2bn in Q1

Survival of exchanges threatened as hacks continue to rise

20190722 Cryptocurrency Thefts

Losses this year already total 70% of the 2018 figure as cryptocurrency exchanges and regulators fight an uphill battle against hackers. © Reuters

Nikkei staff writers

TOKYO -- Theft and fraud continue to plague cryptocurrencies, with exchanges already having lost $1.2 billion in the January-March period alone, according to American cybersecurity company CipherTrace.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.