The Curious Case of Crypto-Exchanges

Hacker Noon contributors evaluated the industry as a whole and we curated them for you. Crypto-Exchanges are your gateway to buying your first cryptocurrency and are the watering hole of crypto-veterans as well, for them to trade their sats and alts all day (and night).The sheer volume of money through these crypto-exchanges makes it a very attractive target for hackers. The hackers target the “hot” wallets of the crypto-exchanges where the cryptocurrency stays for a short duration of time. The more decentralized of the crypto-exchanges store very little to none cryptocurrencies in “hot wallets”.

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