$1.7 billion of
CRYPTOCURRENCIES have been stolen since bitcoin came into being.
Not $1.7 billion of BITCOIN.
How many $ worth of paper notes do you think have been stolen since they introduced cash? How many $ have been stolen as a result of credit card skimming?
The overwhelming majority of bitcoin theft has been due to exchange hacks, it's well known that if you don't own your keys, it's not your crypto.
Some examples of that:
Mt Gox lost +$480 million bitcoin
(Source)Bitfinex lost +$70 million bitcoin
(Source)Also NiceHash lost $70 million bitcoin
(Source)As for other cryptocurrencies:
CoinCheck lost +$530 million NEM
(Source)BitGrail lost +$150 million Nano
(Source)My point isn't just that it wasn't solely bitcoin that was stolen, but more importantly that these thefts, for the most part, occurred due to SecOps mistakes of centralized companies (most of which are exchanges). Sure there's malware floating around that might change a btc address when you copy/paste it, the solution is don't manually enter addresses, use a QR code or nfc or something else. Also stop storing crypto on exchanges and assuming it's safe, look at what happened to Cryptopia the other week. This will keep happening until people learn to store their crypto in addresses that they are the sole owners of. If everyone stored their crypto properly and stopped storing them in honeypots, we wouldn't be hearing about this all the time.
Exchanges are great, in fact, they're essential, but they're not banks, so don't store your crypto on them unless you're okay with losing it.
Yeah, this information is clear more. $1.7B includes other altcoins/ tokens. We can see that almost the money has been hacked from the exchanges. So I think we should store coins/ tokens in hardwallet or private wallet. That looks safe more.