Amid pandemic, crypto crime surges in first 5 months – CipherTrace

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Losses from cryptocurrency thefts, hacks, and frauds soared to nearly $1.4 billion from the beginning of the year until the end of May, a report from CipherTrace showed. The proportion traced to coronavirus fraud involving cryptocurrencies for the first five months of the year was minimal, CipherTrace said, but it did not give a specific figure.