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After six months of record losses, can cryptocurrencies look forward to a hack-proof future?

From scmp.com

For the many cryptocurrency holders who care about security, the year 2018 is shaping up to be a nerve-racking one. The reported losses from cryptocurrency hacks and scams in the first half have already surpassed US$1.73 billion, or more than half of the total recorded losses since 2011, according to Crypto Aware, a community-focused advocacy initiative. Of these, 36 per cent represented losses from exchange hacking.The biggest exchange hack so far also took place this year. In January, more than 500 million units of the NEM token, then valued at US$547 million, were stolen from Japanese crypto-exchange Coincheck, ... (full story)

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  • Category: Fundamental Analysis