NEARLY $200billion worth of Bitcoin is at risk from cyber theft, a shocking report has claimed.
Approximately 3,480,000 out of the world’s mined 18.5million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping, it was claimed.
The report by Opimas LLC, a finance-based management consultancy firm, extensively covered the various institutional safekeeping gaps – capable of exposing owners of cryptocurrencies to coin theft.
Opimas highlights in its report the need for the establishment of more middlemen in cryptocurrencies.
These middlemen can exist in the form of institution-based custody solution providers, that is, the provision of solutions that help store, exchange, and hold cryptocurrency safely for big investors and corporations.
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