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2019 Saw Most Exchange Attacks Ever, With Hackers Becoming More Savvy

As cryptocurrency exchanges beef up their security to defend themselves against cyberattacks, hackers are responding in kind by amping up their techniques — and the data shows that they’re finding success.

Cryptocurrency exchanges faced more successful attacks in 2019 than in any other year since bitcoin began trading on public exchanges in 2011, according to data compiled for a recent report from blockchain analytics firm Chainalysis. While the 11 attacks recorded in 2019 nearly doubled those conducted in 2018, the total damage ($282.6 million stolen in cryptocurrency in 2019 versus $875.5 million in 2018) was drastically less. 

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