CipherTrace discloses the value of $1.4 billion of stolen crypto assets

The world seems to be gradually coming back to life after the long period of compulsory localization because of the coronavirus pandemic.

CipherTrace report on investors’ gullibility.

Many of the initiatives especially those connected with blockchain technology experienced significant declines. Some declines have recently been reported in CipherTrace reviews published on June, 2nd. CipherTrace – is a smart crypto platform with the option of tracking almost 800 of digital currencies. The platform implies some algorithms for tracing stealing and security concurrence model for the listed currencies. Due to the company’s success, it helps to spread massive acceptance of crypto by world governments.

The report issued by CipherTrace in order to monitor changes of the assets gives an idea of how fraudsters swindle crypto holders during the coronavirus lockdown.

With the losses estimated at $1.4 billion, this year may take the second place following the previous one with the record amount of $4.5 billion of stolen digital assets. Such a big stealing became possible as law enforcement agencies were distracted by the challenges posed by coronavirus.

With the losses estimated at $1.4 billion, this year may take the second place following the previous one with the record amount of $4.5 billion of stolen digital assets. Such a big stealing became possible as law enforcement agencies were distracted by the challenges posed by coronavirus.

Fraudsters often take advantage of the gullibility of their victims. Phishing schemes and Ponzi are the two most widely spread ways people lose their money.

So we cannot call digital assets invulnerable but all the assets will be safe if traders duty take care of the existing security measures.