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Crypto Thefts – Japan’s National Police Agency

Crypto Thefts - Japan's National Police Agency

We at Classiarius have reported a wide range of facts and news pieces about the crypto world, much of it related to Bitcoin and some of it audiovisual presentations that we have created and published. However, looking at the dark side of Crypto, there are some numbers that are shocking, according the National Police Agency.

Japan’s National Police Agency has released a series of numbers that point to the year 2018, according to Asahi Shimbun (September 20) and Cointelegraph – two services that were mentioned in this article. The $540 million dollars of theft as shocking in size. The agency said that the number of incidents totaled 158, three times the number in 2017, the previous year. Note that the first six months of 2018 saw excessive theft in the industry. Clearly this industry has been riff with organized crime and other organized groups that spend time searching for wallets and other areas to find coins. 

According to the Asahi Shimbun, most of the theft took place in accounts owned by exchanges, while a small number, only about ¥2.5 billion or $22 million was in individual accounts. According to this article, the popular coins for theft are Ripple, Bitcoin and Ethereum. – with others also being popular in this dark theft market. 

According to this piece, the number of computer systems designed to arrest theft attempts have been actively doing just that in 2017. 

Team Classiarius 

 

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Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.

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