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Hackers are stealing millions in cryptocurrency during ICOs

A new report from Ernst & Young details just how big of a problem security is when it comes to cryptocurrencies. Researchers collected data on 372 initial coin offerings (ICOs) that took place between 2015 and 2017 and found that over 10 percent of ICO proceeds are stolen by hackers, a percentage that amounts to the theft of up to $1.5 million per month.