February 23, 2024

$1.7 billion hacked from prime 10 centralised crypto exchanges during the last decade

A brand new examine from BestBitcoinExchange.io has assessed which of the highest crypto exchanges have suffered the worst hacks previously, that are the most secure to belief going ahead, and which needs to be averted.

The specialists analyzed knowledge from the highest 25 crypto exchanges during the last ten years, to establish that are probably the most inclined to hacks, and that are the most secure exchanges to retailer your cryptocurrency.

Key findings of the examine embrace:

  • Binance, Coinbase, and FTX had been discovered to be the most secure cryptocurrency exchanges.

  • 40% of the highest 25 crypto exchanges have been hacked within the final ten years, with over $1.7 billion stolen throughout these assaults.

  • The most important of those hacks was that of Bitfinex, which misplaced $623 million in 2016.

  • A Safe Asset Fund for Customers (SAFU) arrange by Binance in 2018 has now hit a worth of $1 billion, creating a security buffer for customers which is unfound on smaller exchanges.

Dan Ashmore, cryptocurrency analyst at BestBitcoinExchange.io commented: “Three exchanges – Binance, Coinbase and FTX – show stout safety measures and separate themselves from the gang. Nonetheless, there stays danger and the most secure methodology for purchasers within the long-term is to utilise chilly storage.”

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