Through the first nine months of 2019, losses jumped more than 150% to $4.4 billion. The report, prepared by forensics company CipherTrace, said criminals have upped their game and executed larger heists this year compared to 2018. CipherTrace previously noted the type of criminal activity had “shifted from outright thefts to exit scams and other frauds perpetrated by insiders, which showed exchanges have become tougher for criminals to hack,” according to the article.

Read the full article from Reuters.