Bitcoin and Crypto Theft Dropping
Liechtenstein — The occurrences of Bitcoin and cryptocurrency theft has been decreasing as custodial services become more popular. A report issued by Bank Frik showed that less Bitcoin are lost over time, due in part to an increase cold-storage adoption protocols by exchanges like Coinbase and Kraken. The most Bitcoins were lost from 2011-2014, the “early” days of cryptocurrency.
Any emerging industry will face a high amount of scrutiny in its developing years. In 2011 there were few places to purchase Bitcoins, let alone regulated organizations like Coinbase which operates out of San Francisco.