RATE Group | Russian Cybersecurity Firm Says Hackers Have Stolen $882 Million From Cryptocurrency Exc…
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Russian Cybersecurity Firm Says Hackers Have Stolen $882 Million From Cryptocurrency Exc…

20 Oct Russian Cybersecurity Firm Says Hackers Have Stolen $882 Million From Cryptocurrency Exc…

Posted at 05:58h in Cryptocurrency News by

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A Russian cybersecurity firm has released reports stating that hackers have stolen $882 million from cryptocurrency exchanges in almost two years.

$882 Million and Counting

A cybersecurity firm based in Moscow, Group-IB, conducted research which revealed that hackers have stolen up to $882 million from digital currency exchanges. As reported by Bank Info Security, the theft has been going on for almost two years.

Group-IB also stated that the figures were likely to grow in 2019. The potential increase is because experienced hackers including Lazarus, MoneyTaker, and Cobalt focus more on cryptocurrency exchanges and ICOs.

Further commenting on the likely rise in theft in 2019, Group-IB said:

In 2019, cryptocurrency exchanges will be a new target for the most aggressive hacker groups usually attacking banks. The number of targeted attacks on crypto exchanges will rise.

The company added that hackers employed different methods to attack cryptocurrency exchanges. Some of the effective…

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