Hacking is a very bad practice followed in any segment by the bad actors but in crypto, we can see it happening a lot. This is because I think there are some easy things from the hacker's point of view that they can go deep down and take a lot of money outside. Blockchain is highly advanced technology but still hackers can hack the projects built on blockchain but not sure what strategy and tips they follow.
It is obvious that as a user we never want to go through this experience. It sounds good when a user or the exchange never faces such a problem because it means that things are in better control and no loopholes have been left by the project. But hackers are very advanced and they are using highly advanced technology to hack different platforms. Every year we get a couple of incidents of hacking where a big amount has been stolen from any exchange or some protocol.
We as a user should be very careful and follow all the possible ways to make things more secure. Even though exchanges use highly advanced farms of security in their assets. Still, we get to see those incidents happening in the market and despite all these precautions and safety majors it still happens. Crypto is digital money which means it has got monetary value even though it is not legal tender in most of the countries except El Salvador. Because it is digital money hackers want to get it for doing nothing and for that purpose they take such steps to hack various exchanges and protocols.
Even our wallets can be hacked on this platform and although it is pretty much safe sometimes things just go and we lose control. I don't know how it happens but there have been multiple incidents in the past when the accounts were hacked for many users even though it happened when they did not share any of the credentials in the open domain. Overall it is highly recommended to follow second-layer authentication wherever applicable for better safety in the Crypto space.
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