HACKING of cryptocurrency exchanges. An emerging dilemna.

in #bitcoin7 years ago (edited)

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As cryptocurrency becomes more and more mainstream, there are always emerging problems that we have to face and deal with in order to prevail.

One of these problems will be enticing targets for high-tech hacks. These targets are typically individuals with a large amount of cryptocurrency to online site with an incredible amount of digital wealth.

There have been two sites, that we know of that has been hacked this year:

BitGrail: losing $170 million worth of Nano tokens, a little-known digital coin previously called RaiBlocks
Coincheck: losing anywhere between $400 and $534 million worth of coins in an internet based attack on it's wallet back in January

My fellow cryptonians, I have always indicated to others to keep their keys offline and backed up. And the above story is another reason to do this.

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😕😕 entendido