Crypto Thefts Triple, Driving Growth in Coin Money-Laundering

• ‘Whole new generation of cyber criminals’ is emerging • Regulators are likely to crack down, CipherTrace CEO says

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, according to a new report.

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 ...