Crypto Wallet Hacks Likely Caused By Recent Rise Of Cheap, Easy-To-Use Malware

Crypto wallet hacks have been seemingly more common recently, with trading platforms losing hundreds of millions of dollars' worth of cryptocurrency assets to hackers. And according to a recent report, this is due to the increase in popularity of cheap, easy-to-use malware.

The most recent of these was the Crypto.com hack, which reportedly saw the attackers escape with roughly $15 million worth of Ethereum and other digital currency assets. Over 400 accounts were compromised as confirmed by company CEO Kris Marszalek, who also said that the owners of the affected accounts have been "reimbursed."

Another one involved the platform BitMart, which lost $196 million in an attack last December. Considered as one of the most devastating crypto heists in recent memory, the hack is still largely unsolved to this day.

The perpetrators of the attack are still at large, and it is even reported that affected account holders haven't been paid back, reports CNBC. Some users are even saying that if BitMart doesn't pay back the funds they lost, they'll be "facing financial ruin."

If you're a cryptocurrency investor in this day and age, you better be sure that your assets are secure.

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Written by RJ Pierce

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