Experts see crypto frauds rising in 20212 min read . Updated: 08 Dec 2020, 05:18 AM IST
- Russian cybersecurity firm Kaspersky has further warned of an increase in Bitcoin theft in 2021
- So far this year, global crypto exchanges, including KuCoin and Eterbase, have suffered high-profile hacks
With 2020 being the best year for investments in cryptocurrency, cybersecurity experts warned of a rise in crypto frauds. According to blockchain analytics firm CipherTrace, hacks on decentralized finance (DeFi) companies accounted for 21% of the total theft volume in 2020, which is a steep rise from the negligible volumes seen in 2019.
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