The use of cryptocurrency is increasing, and crypto crime is rising with it. In fact, fraudsters, malicious hackers, and thieves amassed $1.36 billion in stolen crypto in the first half of 2020 alone.
Cryptocurrency is the fastest-growing method of financial transactions on the planet. Consumers, investors, and users continue to adopt digital currencies at a massive rate, making cryptocurrency thefts, hacks, and frauds more common than ever.
There are more than 1,500 cryptocurrencies in circulation today. An increasing number of businesses now accept Bitcoin, Ethereum, and other well-known altcoins as a legitimate form of payment, so the competition is likely to grow even fiercer in the years ahead.