The cases of hacker attacks aimed at major cryptocurrency exchanges and various scams are getting more and more frequent. A lot of experts in this field start seeing an ongoing tendency in this. So why are many cryptocurrency holders losing trust in digital wallets and exchanges?
Firstly, we all remember the strange story with the bounty campaign of John McAfee’s wallet Bitfi, during which nobody received the promised $250k. Secondly, one of the largest crypto exchanges Bithumb was hacked not so long ago with the losses of about $30 million. The list goes on and on.
Encrybit conducted a thorough research of the issue and conducted a survey. According to it:
“40% of participants said that security is a major concern.”
Hopefully, the representatives of exchanges and wallets take this into consideration and upgrade their security systems and customer service so that the users can be sure their funds are well-protected.
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