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Cyber ​​Attacks on Cryptocurrency Exchanges Raise Security Concern

Attacks on cryptocurrency exchanges have revealed as a result of research that an industry with the biggest security problems in recent years is the crypto money industry in this sector.. People who use Bitcoin as a payment and investment tool have to have crypto money by using crypto money exchanges.

The effects of the attack on a crypto money exchange in New Zealand still continue and thousands of people in the country the person has not been able to get their money left in the stock market due to the security investigation. Apart from the stock market, which is estimated to have lost more than $ 15 million, in the past years, crypto money has been paid after the cyber attack of Mt. exchanges did not take the necessary precautions and did not allocate enough money for security.

Cryptocurrency exchanges, which want to keep it as a profit instead of allocating money for security, have taken some measures to protect the accounts of investors and these measures have been agreed with cyber security experts. Many cryptocurrency exchanges today have security vulnerabilities because they were not acquired by a well-equipped company.. Although Binance and Coinbase are the crypto exchanges that care most about security, there are some security experts who claim that these 2 major crypto exchanges do not have sufficient security measures.

Exchanges do not take the precautions adequately

It is clear that the precautions taken by cryptocurrency exchanges are not sufficient and therefore there is always a danger for investors.. The fact that people who own Bitcoin are worried even if they prefer the most reliable cryptocurrency exchanges in the world has been a cause for concern due to the increasing attacks recently.. Investors think that when they buy Bitcoin, it may be a matter of time before all their investments are destroyed in a day and their accounts may be affected by these attacks, and how they can be protected against possible attacks. also a part of it. Investors who keep their Bitcoins in split accounts in 2 or more cryptocurrency exchanges instead of a single cryptocurrency exchange want to keep their accounts like this for a certain period of time, because they do not trust security enough.

If there is a security at the door, attackers attack 3 people

Cryptocurrency holders have been criticizing the security policy of cryptocurrency exchanges by giving this example recently. Many security experts, who do not support the idea that a large part of the Asian-based cryptocurrency exchanges can protect themselves with a security measure, use the phrase “If there is a security at the door, the attackers attack 3 people and they can pass the security very quickly”.. According to security experts, the US-based Coinbase and Malta-based crypto exchange Binance are the 2 most reliable crypto money exchanges in the world, while those outside of them think that they are at risk and do not allocate enough money for security.

What measures will the exchanges take in the future? Security experts have not been able to comment on how long it will take for them to take action and for the measures they will take to be adequate.

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