$540 Million in Crypto Theft in 2018, Says Japan’s National Police Agency

Japan, often fondly referred to as the ‘Land of the Rising Sun’ has this year increasingly become the ‘Land of rising crypto theft,’ with a new report suggesting that the yen equivalent of $540 million has been stolen during the first six months of the year.

According to a new report from Japanese newspaper Asahi Shimbun on cryptocurrency-related theft in the country, cybercriminals targeting cryptocurrency exchanges and investors have stolen 60.503 billion yen (approximately $540 million) equivalent in cryptocurrencies like Bitcoin, NEM, and more, during the first six months of 2018.

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