Lessons learned from the many crypto hacks

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The one poignant lesson that crypto investors globally have learned over the years is that despite the immutable, impenetrable nature of the technology behind cryptocurrencies and blockchain, their crypto investments and transactions are not secure.

2018, for example, witnessed some of the largest crypto exchange hacks globally. Not to mention, the alarming volatility in the crypto market that continues to make headlines each day. According to the Cryptocurrency Anti-Money Laundering Report published by Cipher Trace, a blockchain security firm, 2018 witnessed a loss of over $1billion in cryptocurrencies, with the hack of the Japanese crypto exchange, Coincheck, accounting for more than half of that loss.

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