Digital assets safety: a myth still alive

  • It is clearly seen that almost every cryptocurrency exchange was hacked at some point during these years. And how many hacks and their attempts, which we do not know about, were unknown?
  • Back in 2017, the cryptocurrency community almost did not respond to new exchanges hacking — unlike in 2018.
  • The most popular way to hack accounts is phishing and social engineering (using human weaknesses and not knowing scam methods). Attackers disguised as representatives of the exchange gained access to the computers of employees (it could take months to complete this task) and took possession of the keys.
  • Collaboration with cryptocurrency exchanges is full of all sorts of unpleasant surprises, ranging from a technical malfunction and a sudden stop to trading, ending with hacking wallets or just losing your crypto.
  • There are threats that can be even more frightening. For example, quantum computing, which can hack the blockchain, can surely disrupt and ravage all the existing cryptocurrency platforms literally within a blink of an eye. And this is a forthcoming reality.

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