Cryptocurrency: Cryptocurrency hacking: Learning from previous incidents

The cryptocurrency world has experienced many burglary and exploitation that has shocked investors and consumers’ confidence. Not only did these burglary cause financial losses, it also emphasized the need for better security measures to protect cryptocurrencies. In this article, we will discuss some of the most significant burglary of cryptocurrency history and what can be less learned from these incidents.

1. Mt. Gox Hack (2014)

Mt. Gox, one of the largest and brightest Biržai in Japan, was broken in 2014. On January 19, the theft was more than 850,000 bitcoins (approximately $ 450 million). HACK was publicly disclosed by persons and external attackers who have exhausted the vulnerability of Exchange software and hardware. Mt. GOX’s inability to properly secure its infrastructure has led to extensive criticism of the company.

2. Bitfinex Hack (2015)

Bitfinex, another important cryptocurrency exchange, was broken in 2015. On 18 December, this resulted in theft Bitcoin and other cryptocurrencies worth $ 10 million. Hack was performed by an unknown attacker who has exhausted the vulnerability of Exchange cash software.

3. Coincheck Hack (2018)

Coincheck, a Japanese cryptocurrency company that protects almost half of the world’s cryptocurrency reserves, including $ 4.5 billion worth of Bitcoin and Etherrum, was broken in 2018. December 31

learned lessons

Mt. Gox Hack emphasizes difficult key lessons that can be applied to prevent similar hackets in the future:

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• Observation : Exchange and wallets should constantly monitor operations and user activities for suspicious behavior.

From other burglands learned lessons

These burglands also emphasize the main lessons that can be applied to prevent similar burglary in the future:

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• Lack of regulation : in some cryptocurrency markets, the lack of some cryptocurrency markets has created an environmental repetition for exploitation.

the best practice

To mitigate the risks associated with hacking cryptocurrency:

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• ** Follow the software higher than the dates: Keep your operating system, browser and cash software using the latest safety corrections.

• Be careful about fraud attacks : Knowing about fraud email Letters or notifications that may ask for unable to publish information.

Conclusion

In recent years, cryptocurrency burglary has become a great concern, resulting in financial losses and damaged users’ data. By learning from the past burglary and following the best practice, we can reduce the risk of similar incidents that occur in the future. For companies, exchanges and consumers, it is very important to prioritize security and take proactive measures to protect cryptocurrencies.

Links:

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