Re: Crypto exchanges have to learn and improve on their security

Quote from: Macoach on September 26, 2023, 01:14:09 PM

The latest Houbi attack, which resulted in the theft of roughly $8 million worth of Ethereum, and a few other security exploitations of a similar nature on other trading platforms in the past don't bode well for the sector, which calls for the prioritizing of security. https://cointelegraph.com/news/huobi-global-crypto-exchange-hacked-report

It's not new that exchanges like Huobi have experienced attacks resulting in millions of dollars being stolen. Such incidents continue to happen regularly, and when we look at the past, there are numerous significant and well-known exchanges that have faced security breaches. Even top exchanges are targeted by cybercriminals.
These hackers often target exchanges because they have open-source code libraries, making it easier for them to exploit vulnerabilities and compromise the assets of thousands of users. Therefore, taking additional security measures is essential because these incidents are on the rise and lead to more complexities in dealing with illegal activities.
Additionally, I have a list of all the hacked exchanges due to their vulnerabilities that have fallen victim to such incidents. Here's the list for reference:
10 Biggest Crypto Exchange Hacks
1. Mt. Gox (2011)
2. KuCoin (2020)
3. Upbit (2019)
4. BINANCE (2019)
5. Bitfinex (2016)
6. CRYPTOPIA (2019)
7. ZAIF (2018)
8. BANCOR (2018)
9. COINCHECK (2018)
10. COINBENE (2019)