Institutional Custody Is Key as KPMG Estimates $9.8 Billion in Crypto Stolen Since 2017
Cointelegraph
Published Mar 02, 2020 04:17PM ET
Updated Mar 02, 2020 06:02PM ET
Institutional Custody Is Key as KPMG Estimates $9.8 Billion in Crypto Stolen Since 2017
Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8 billion worth of crypto has been stolen since 2017.
The findings revealed that lax security and poorly written code were responsible for most thefts. As institutional investors adopt Bitcoin (BTC) and Ethereum (ETH) to their portfolios, securing the tokens becoming a critical issue, KPMG argues.
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Written By: Cointelegraph
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