Cyber Attacks have become one of the main dangers for cryptocurrency investors. The total amount of lost funds reached $ 2.3 billion.
The biggest hack is still considered the collapse of the first bitcoin exchange Mt.Gox investors lost 800,000 bitcoins or about $450 million at the time. The second place in the ranking was taken by the hacking of the South Korean site Coincheck, which occurred in January 2018. Then traders lost 500 million in the nem cryptocurrency-about $ 400 million.
Third place in the hacking exchange Bitgrail, which occurred in February. The attackers managed to steal 17 million nano coins or $170 million Is not much inferior in terms of losses vulnerability Ethereum wallet Parity. 513 774 ETH or $160 million was permanently frozen.
According to CryptoAware only recorded about 40 incidents. Over the past year, break-ins occurred on average once a month. In 2018, the most successful cyber attacks have already occurred.
The recent hacking of the South Korean stock exchange Coinrail became the ninth largest. According to the estimates of TechCrunch journalist John Russell, hackers stole about $40.2 million in cryptocurrency
Regulators and companies operating in the traditional financial sector spend a lot of money and effort to create a secure infrastructure. This helps to protect customers ' money. The cryptocurrency industry is aimed at eliminating unnecessary intermediaries and complex infrastructure, but in return it does not provide a sufficient level of security. This is especially true for crypto-exchanges and wallets.