Neither fraudsters nor hacking can affect the market in any way. The market is monitored and controlled by whales, and all of them are under reliable protection. The best protection against hacking is to keep fixed assets in a cold wallet, and also to trust only trusted sources and resources.
First of all, hackers attract large amounts of cryptocurrency users, since this is money that they earned without much difficulty. but the security of our personal data and our funds primarily depends on us and on our care.
When there are reliable tools for hedging, storage and protection of cryptoactive assets, there will be a rapid growth. It is necessary to develop in this direction. Chances of hacking are great and so on ...
If an asset manager that oversees $1 billion puts 1 percent of its capital in crypto, thats already a big amount. These institutions can only enter the crypto market if there are tools to hedge and protect their investments. A strong infrastructure for large-scale institutional investors has to be established.
https://www.ccn.com/korea-institute-of-finance-director-crypto-custody-is-key-in-rapid-growth/