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Cryptocurrency Hacks Still Growing — What Does That Mean for the Industry?

Cryptocurrency Hacks Still Growing — What Does That Mean for the Industry?

bitcoin ethereum hacking Though once synonymous with underground networks and black hat hackers, bitcoin and ot

Though once synonymous with underground networks and black hat hackers, bitcoin and other cryptocurrencies have gone mainstream over the past two years.

In 2017, we saw the skyrocket of bitcoin to an all-time high of close to $20,000 followed by a significant decline the following year.

But beyond the ups and downs in the market for the world’s largest cryptocurrency is a much more sinister story revolving around cyber-attacks of the economy’s newest asset class.

In 2018, it estimated that as much as $1.7 billion worth of cryptocurrencies were swindled away from investors (likely more) through a variety of means.

Whether accomplished through hacking, phishing, or other forms of scamming, it’s clear that the crypto industry is facing a serious dilemma with security.

her cryptocurrencies have gone mainstream over the past two years. In 2017, we saw the skyrocket of bitcoin to an all-time high of close to $20,000 followed by a significant decline the following year. […]

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