The looting, fraud and theft in the cryptocurrency market will not end, but it will decrease with the increase of awareness, regulation and legalization of this young market.

According to research published by the company,slowSpecializing in blockchain security research, crypto hackers have stolen more than $13 billion through 290 different hacks.

With the crypto market entering bullish territory, and in parallel with this, the amount of rewards collected by malicious actors increased, so new users and investors should take the necessary precautions in storing their money.

As fraudulent operations targeting digital currencies occur weekly, whether it is through fraudulent trading platforms or the promise of financial returns when depositing certain amounts of digital currencies, and other methods of deception.

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In August alone, the options provider Opyn was exploited, the decentralized finance project “YAM v1” failed due to a bug, and Ethereum Classic experienced two 51% attacks that caused double spending and heavy losses for exchanges.

Ethereum-based protocols have also suffered over $142 million in hacks, and ERC-20 vulnerabilities have resulted in $1.15 billion in damages.

The most affected category that malicious actors have been able to exploit is centralized cryptocurrency exchanges, where hackers have stolen more than $4.6 billion.

But when it comes to the total number of hacks related to Dapps, EOS DApps topped the list with more than 115 hacks, followed by Ethereum DApps with 21 applications, and Blockchain decentralized applications in third place. 20 applications.

However, each hack helps the industry implement stronger long-term security measures.

Properly securing cryptocurrencies is a very important prerequisite for investors in this industry.

At the moment even experienced users find their security practices insufficient, as there are some basic practices that allow investors and users to significantly reduce the risk of one of these incidents.

The most important actions that can be taken by digital currency users are to self-guard their digital currencies through hardware wallets, with copying the initial phrase and storing it in multiple places away from the Internet.

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Less reliance on centralized trading platforms and online wallets means greater security of cryptocurrencies

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