Investing in Crypto is not safe: Unhackable Cryptocurrencies are constantly facing Security Holes

IndustryTrends

In the month of August, news of a US$190 million cryptocurrency theft emerged this week, despite cryptocurrencies being designed to be unhackable.

A staggering $1.9 billion worth of cryptocurrency was stolen in hacks of various services in the first seven months of this year.

Hackers have gotten away with more than US$2 billion worth of cryptocurrency since 2017.

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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

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