In 2017 alone, over $3.5billion has been raised through ICO (Initial Coin Offering) of which $300 million was stolen by hackers and number of victim exceeding 60,000 as reports by Kaspersky Lab.
Outlined hackers method of stealing funds are Phishing sites, spam email and theft of money by the organizers. Many of which have great goals, but haven’t received the ICO fund, they can’t resist stealing investors fund. Good example of such is Confido ICO which disappeared after raising over $374,000
In 2018, Kaspersky Lab expert expects attacks on cryptocurrencies will continue while the number of attacks will progress and advance into applications, games and platforms based on blockchain technology.