The Japanese reported 33 episodes of cryptocurrency scams in the first 7 months of 2017
Japanese residents reported 33 episodes of cryptocurrency-related scams in the first 7 months of 2017, resulting in over half a million dollar loss. About writes this CoinDesk with link to news Nikkei edition.The National Police Agency (NPA) reports that scammers have stolen about 76.5 million yen ($ 710,848) from January to July this year. It is noted that the volume of such thefts increased in the middle of the year. In July alone, 17.3 million yen were stolen.
Among the stolen cryptocurrencies are Bitcoin, Ethereum and Ripple. At the same time, most of the thefts are associated with Bitcoin..
The Mainichi publication cites its own data: “The greatest damage from virtual currencies in June 2017 is associated with Ripple (29.9 million yen) and bitcoin (29.3 million yen). The damage to Ethereum and NEM was 200,000 yen and 100,000 yen, respectively ".
The authors of the article write that many victims did not use two-factor authentication, which provides an additional degree of protection for digital accounts and requires a digital token to gain access to the account..
The National Police Agency did not report how hackers bypassed two-factor authentication on those accounts where it was used. To date, no victim has reported successful refunds. According to The Mainichi, the police department said the stolen funds could have been transferred to other digital currencies or cash.
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