Track and Trace

[okala]

The exchanges are the one with the soul responsibility of providing security for they exchanges and members and if they can do that it good enough to invite a cyber security outfits that can help minimize the rate of hack and stolen found from exchange.

[funchiestz]

Minimizing legal and financial exposure seems the direction that crypto is moving. Companies like Ciphertrace have discovered that more than $760m in crypto was stolen from exchanges so far this year. Do we allow this to happen or do we allow companies to step in to help stop these criminal acts?

$760 Million?   OMG!

It is huge money. I think exchanges should do something immediately about it. They may consider investment insurance, for example.

[rahmatullah9305]

Criminals are stealing more cryptocurrency from exchanges, and that’s driving growth in a cottage industry of services that allows for money laundering of coins, In the first half of the year, more than $760 million in cryptocurrency was stolen from exchanges nearly three times more than in all of 2017, CipherTrace said in its initial quarterly report on the subject. CipherTrace is a Menlo Park, California-based blockchain security firm that works with more than 40 companies and governments to trace crypto transactions.