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.”