It’s no surprise that the cryptocurrency industry is growing, and so is the total amount hackers are going home with. The total amount roughly $927 million has been moved from legit hands to less legit hands and many of these hacks were preventable. Just one of the altcoin hacks made up more than half of that total amount stolen this year, at a cool crisp $530 million, from the Japanese exchange coincheck.
The Roll Out Of Consistent Regulations
With the lack of cryptocurrency regulations across the board, the ability to launder and pass through exploits gave much of the chances needed to acquire the almost $1 Billion stolen.
Zaif a Japanese cryptocurrency exchange, is announcing a plan to compensate victims of a major hack last month, a result of new management of the exchange.
The future will not be safer for users of altcoins, but on a united front, will become more difficult to operate exploits within.