Cryptocurrency thefts in Japan triple in 2018
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Japan's National Police Agency reported 158 incidents of crypto-related thefts in the first half of 2018, triple the figure for the same period in 2017. More than 60% of these cases involve individuals that used the same ID and password for their Internet accounts. In total, hackers stole over $540M in cryptocurrency from Japanese exchanges and individuals. The most targeted coins were bitcoin and XRP. (Source: The Asahi Shimbun)
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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