Business Insider reports on the scale of ICO related theft using Ethereum. Yikes.

Almost 10% of all the money invested in initial coin offerings (ICOs) this year using cryptocurrency Ethereum has fallen into the hands of thieves.

Of the roughly $1.6 billion (£1.25 billion) invested in Ethereum ICOs this year, cyber criminals stole $150 million (£116.8 million), according to an analysis by Chainalysis, an investigatory and risk management firm specializing in virtual currencies. From June to August this year, the total lost to cyber crime in the crypto space jumped from $100 million (£77.9 million) to $225 million (£175.3 million).