Cryptocurrency thefts, fraud hit $1.2 billion in first quarter – report

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018, cyber security firm CipherTrace said on Tuesday. The value of losses from crime in the digital currency sector in 2018 hit $1.7 billion. But cryptocurrency crime has ballooned as the market has slowed down, prices have plunged and business activity has stalled.

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