Cyber thieves stole a total of $282,617,000 from cryptocurrency exchanges in 2019, according to a new report on crypto crime.
The blockchain analytics firm Chainalysis cites eleven exchange attacks in which hackers made off with a wide variety of crypto assets, including Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH) and Litecoin (LTC).
According to the report, the largest hack of the year hit the crypto exchange Coinbene, with a total of $105,000,000 in Ethereum-based tokens stolen.
Next up is Upbit, which saw $49,000 in Ethereum stolen from the exchange’s hot wallet. The widely-publicized hack of Binance is number three on the list, with $40,000,000 in Bitcoin stolen through a combination of phishing attacks and viruses.
Crypto enthusiasts who support the utilization of Bitcoin as intended by its pseudonymous creator Satoshi Nakamoto – making peer-to-peer transactions without exchanges – urge crypto users to take control of their own private keys to access their holdings.
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