Are cryptocurrency exchange hacks easier?

Bithumb lost an estimated $30 Million. Bithumb's hack took place on June 19, with about $30 million in tokens stolen, Coinrail: $37.2 Million Before Bithumb, there was Coinrail. The rival South Korean exchange was hacked just over a week before Bithumb.

Thieves took about $37.2 million worth of digital currency, with the bulk of tokens stolen including those of Pundi X and Aston coins.

Bitcoin lost around 11% of its total value in the immediate aftermath of the hack BitGrail: $195 Million Coincheck: $534 Million From 2012 over 45 exchanges have suffered great expoilts. Being a moderator of a subreddit, and exposure to years of experience in the hacking world. I feel its a pattern.

Are cryptocurrency exchanges doing a terrible job in terms of cyber security?

submitted by /u/Simonvilla1
[link] [comments]

from hacking: security in practice https://ift.tt/2WAx6NZ

Comments