According to a recent report of the American company CipherTrace over the last nine months the volume stolen from the cryptocurrency exchanges of the funds reached $927 million, up almost 250% increase 2017 ($266 million). Reported by Business Insider.
The report also notes a growing number of relatively minor theft in the range of $20-60 million, the total losses which in the third quarter was $173 million, According to a previous report CipherTrace, published in July, the volume of stolen shopping sites cryptocurrency for the first six months amounted to $750 million.
Published data also show that since 2009, the major cryptocurrency exchanges from countries with weak legislation against the laundering of money used bitcoin for “washing” of $2.5 billion.
In an interview with Reuters, Dave Jevans, Executive Director CipherTrace, said:
Regulators in this matter is still lagging behind for a couple of years, because there are only a few countries that effectively apply legislation for combating money laundering.
CipherTrace States that the report was reviewed by the 20 largest sites in trading volume, although refuses to name them. $2.5 billion was received in the result of the analysis of 350 million transactions on 20 exchanges. 100 million of these transactions was related to private data of the company about the criminal activities of contractors.
The researchers argue that the above exchange was also used to buy illegal services in the amount of 236 979 bitcoins, equivalent to $1.5 billion at the time of publication.
All exchanges have these laundered money. You can’t stop them, and here’s why. We often learn about criminal cases after the fact. We have no way of knowing about them in real time. You can know about them by 80-90%, but it’s impossible to know 100%.