The numbers are quite alarming. According to this Forbes article, while the number fluctuates based on the market price and the published amount at the authors time of writing, these are the quoted amounts that have been lost due to hacks as well as human error.
DAO - $53 million
Bitfinex - $72 million
Parity - $30 million + $275 million
Mt. Gox $460 million
Coincheck $530 million
Thats over $1 billion that has been lost! Obviously, cryptocurrency is giving us specific challenges around protecting our assets. At the same time, this gives us the opportunity to push the limits of this technology in order to elevate our lives, right? What are your thoughts about this news?
https://www.forbes.com/sites/forbesagencycouncil/2018/09/27/cryptocurrency-how-to-avoid-getting-hacked/#184495a14692I have always believed that there is absolutely no early days of a technology that will not have its fair share of some challenges one way or the other and it is a normal thing to see things like this happening. Protecting our assets however over the years is becoming something easy for those who have the knowledge on how to do so, what to do and what not to do as the case may be.
Most of the issues of a huge loss have been due to hack and we sure know this is the reason why paying attention to security has been something very important when it comes to the cryptocurrency sphere.