Top Cryptocurrency Exchange Hacks In 2019

As we celebrate a quite successful 2019 in the crypto industry and enter the new year with new hope, hacks and scams across the industry remain a problem we have to face in 2020. Centralized exchanges and custodial wallets were the most targeted institutions across 2019 with investors losing over $500 million in the process. In this article we highlight some of the biggest hacks across the industry in the past year. Can 2020 be better?

Before commencing, remember Satoshi’s words in the Bitcoin whitepaper released in 2008:

“What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.”

The transaction of cryptocurrency through exchnages and custodial wallets breaks this very important rule. Remember, not your keys! Not your coins.

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