Crypto-thieves are stealing bitcoin via hacks, scams, and ransomware. Chainalysis estimated that crypto-thieves stole at least $90 million worth of bitcoins last year. The firm noted that crypto crime is evolving. The theft of bitcoin is increasing because the cryptocurrency become a highly-valued financial asset.
In an interview with CNBC, Eric Larcheveque, CEO of Ledger Wallet, said cybercriminals are targeting cryptocurrencies because they can sell it immediately.
According to him, “Let’s say you manage to steal a Social Security number or banking information – that’s not money, it’s information. You need to find a broker to sell the data.”
“Bitcoin is simpler. It’s immediate. It’s already cash. All the hackers in the world are targeting cryptocurrencies,” added Larcheveque.
Earlier this month, the U.S. Commodity Futures Trading Commission (CFTC) filed charges against two entities involved in bitcoin fraud.
