Cyber criminals have reportedly taken $225 million value of digital currencies through phishing scams in 2017. In these scams, would-be investors were tricked into causing cash to web addresses claiming to be funding sites for virtual token offerings on Ethereum’s blockchain.
Based on knowledge from New York-based research worker Chainalysis, over 30,000 investors were victims of the Ethereum-related cyber crimes, losing a mean of $7,500 every within the method, with initial coin offerings (ICO) amassing around $1.6 bln in issue in 2017.
According to Chainalysis co-founder dessert apple Levin, the loot of the cyber criminals is incredibly hefty.
“It’s an enormous quantity of cash to come up with in such a brief amount of your time. The cryptocurrency phishers do pretty smart against all the opposite kinds of criminals that ar out there.”
Bad thing to have all one's hard earned currency disappear so quickly!
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