Crypto exchange hacks stole over $280 million in 2019

Cryptocurrency exchanges have been one of the most popular targets for hackers over the entirety of the previous decade. With the end of 2019, researchers were finally able to obtain all the necessary data and assess the damage done to crypto exchanges throughout the previous year.

As it turns out, 2019 still saw quite a few
hacking attacks, which resulted in a theft of around $283 million, in total.
While this represents a significant decrease from 2018’s $875 million, it is
still a hefty sum to be stolen, especially since the authorities have worked
hard to ensure that crypto exchanges will implement advanced security measures.

Improved security reduces the
damage made by exchange hacks

The report comes from the blockchain analysis
company, Chainalys. The company was able to confirm that the exchanges’
security is indeed improved, which is the reason why the stolen amount in 2019
is several times lower than the one from the year before. Not only that, but
the company…