$1.1 Bln in Crypto Has Been Stolen This Year
The magnitude of such thefts could only happen because so many hodlers are lazy and keep their crypto booty in custodial exchangers instead of in their own wallets (especially hardware). https://cointelegraph.com/news/report-1-1-bln-in-crypto-has-been-stolen-this...
On Sun, Jun 10, 2018 at 07:22:51PM -0700, Steven Schear wrote:
https://cointelegraph.com/news/report-1-1-bln-in-crypto-has-been-stolen-this...
How does this compare with stolen traditional money? Instead of absolute values probably the ratio "stolen/total" is more interesting.
Good point. Would love to see a fair comparison. On Mon, Jun 11, 2018, 4:01 AM Georgi Guninski <guninski@guninski.com> wrote:
On Sun, Jun 10, 2018 at 07:22:51PM -0700, Steven Schear wrote:
https://cointelegraph.com/news/report-1-1-bln-in-crypto-has-been-stolen-this...
How does this compare with stolen traditional money?
Instead of absolute values probably the ratio "stolen/total" is more interesting.
On Mon, Jun 11, 2018 at 08:06:28AM -0700, Steven Schear wrote:
Good point. Would love to see a fair comparison.
This appears highly non-trivial. Quick web searches doen't return usable info and in addition the banks and the like probably don't report all incidents because of issues of "trust". IIRC large operator Equifax got owned one of these years, leaking 100+M mericans.
https://cointelegraph.com/news/report-1-1-bln-in-crypto-has-been-stolen-this...
How does this compare with stolen traditional money?
Instead of absolute values probably the ratio "stolen/total" is more interesting.
Total fiat is somewhat easy to calculate due to centralized publications. Total crypto is harder, see mentions of "market cap" on this list. Stolen of both is hard.
Quick web searches doen't return usable info
Until it reaches regulatory, political, international levels. ie: there have been a few $tens of Million range bank events in last years, multi accounts, wires, etc.
the banks and the like probably don't report all incidents because of issues of "trust".
Consumer level shit doesnt reach that per event. Could add up to more than heists above.
IIRC large operator Equifax got owned one of these years, leaking 100+M mericans.
That was data, not money. Though it could be turned into money. Hardware storage? Some idiots don't consider their dongles will also fail, as dumb as expecting banks / exchanges to have / give them their worthless printed money.
participants (3)
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Georgi Guninski -
grarpamp -
Steven Schear