According to research by Chainalysis, engaged in the development of software for the analysis of the blockchain, two professional groups of cybercriminals are worth 60% attacks on cryptocurrency exchanges, as a result of which they managed to steal about $ 1 billion.
The published report says that on average for each hacking fraudsters earned $ 90 million and used a complex system of moving funds to hide their criminal origin. Analysts were specifically called these groups Alpha and Beta. They note that the first is a huge structure with tight control and partially pursues intangible goals, and the second is less organized, but the movements are exclusively money.
After examining the transactions of groups, Chainalysis analysts found that alpha moves the stolen agents quickly and intensively, during one of the hacking, 15 thousand transfers were committed. They usually exchange 75% cryptocurrency for Fiat during the first month.
The beta group is not in a hurry to launder the assets and learn from 6 to 18 months before converting the virtual currency. For the exchange, they usually use one trading platform, where a large half of the production is removed in a couple of days. In one of the cases, Beta cassed $ 32 million at a time.
Both groups are very careful and wait for the interest in the theme of hacking will fade, continuously performing translations between wallets and stock exchanges during this period. According to the representatives of Chainalysis, even the presence of advanced KYC and AML systems does not help in the fight against the conclusion of stolen cryptocurrencies.
The report also says that the crisis of the crypton not affected the activities of cybercriminals, since in 2018, for which Bitcoin’s course fell by 80%, the activity was almost doubled. Analysts predict the preservation of this trend and in 2019, therefore recommend to market participants to introduce the latest security systems.
In the fight against fraudsters, trading platforms rely on only technical tools, but also to users. Recently leading South Korean cryptobirries