The cryptocurrency exchange and trading industry reported over $282 million of losses as a result of thefts by hackers, with a total of 11 high profile hacks in 2019, according to a report by Chainanalysis. Many cryptocurrency exchanges are now aware of the need for better cybersecurity in order to secure their funds and business,
It’s well known that there are a lot of scammers in the cryptocurrency business. You need to be very attentive to all incoming offers in order not to fall into the scammer trap. Scammers didn’t even pass by the leading cybersecurity company Hacken. Cybercrimes in the cryptocurrencies market is not a rare. According to Chainanalysys
It is obvious that in the modern economy cyber security is one of the most crucial issues requiring proper maintenance. Especially in the crypto exchanges industry since over $282 million were stolen in 11 hacks from crypto trading platforms in 2019 according to a report by Chainanalysis. Although the total amount stolen is much smaller
Crypto exchanges are lucrative targets for hackers. Find about vulnerabilities, threats, and ways exchanges protect your assets.
It’s natural for cryptocurrency traders to be concerned about the cybersecurity of their favorite crypto exchanges. The crypto scene’s track record of hacks is particularly alarming, considering the enormous $850 million stolen from exchanges in 2018 and already $219 million hacked in 2019 so far. Recent cybertheft victims include DragonEx ($7 million), CoinBene ($105 million),
Transparency As the price of Bitcoin rises and the crypto world continues to evolve, the crypto exchange industry still lacks maturity and transparency. Striving to add valuable contributions to the development of the exchange industry, the Crypto Exchange Ranks (CER) team has been continuously analyzing, investigating, and reporting on malpractices and manipulation cases for over
It goes without saying that liquidity is essential for smooth and effective trading for any financial instrument. And the crypto exchanges that provide sustainably high liquidity gain high credit and loyalty of the users. While in traditional financial markets the liquidity provision is regulated strictly by the set of rules and legal frameworks, the crypto
# Intro Crypto exchanges are the banks of the future, accumulating and operating with large amounts of clients’ funds and, due to the KYC process, are responsible for handling a considerable amount of sensitive data. Therefore, security is a serious issue that should be addressed in advance. We’ve decided to make a research regarding vulnerability
It is no secret that the crypto industry is still in its infancy. Lack of governmental regulation and industry rules has created a space for unfair players to use unethical and sometimes fraudulent techniques to gain an advantageous market position. One of the areas of major concern is trading volume numbers that are reported by
