Exchanges that hold users' cryptocurrency are a target for hackers.
Did you know that more than $11 billion worth of crypto has been hacked or stolen since 2011?
- On average 10 exchanges are hacked
- Most investors are unable to recover their funds after hacks
"Billions of dollars have been hacked and stolen from crypto exchanges"
Other ways exchanges can lose your crypto:
- Inability of exchanges to access crypto wallets when they lose wallet keys.
- Fraud and scams where exchange operators run away with their user's cryptocurrency