Researchers Claim Crypto Exchange Hacks Happen in Three Ways

 Researchers Claim Crypto Exchange Hacks Happen in Three Ways
imageCryptocurrency8 hours ago (Aug 09, 2020 03:40PM ET)

Researchers Claim Crypto Exchange Hacks Happen in Three Ways

Researchers at the Black Hat security conference revealed that crypto exchanges might be vulnerable to hackers. Although crypto exchanges have high privacy and security to protect their funds, researchers still found three ways hackers can attack these crypto exchanges, according to Wired on August 9.

The crypto exchange attacks were operating more like “an old-timey bank vault with six keys that all have to turn at the same time,” the report said. Cryptocurrency private keys were broken into smaller pieces. It means an attacker has to find them together before stealing funds.

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Researchers Claim Crypto Exchange Hacks Happen in Three Ways

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