Scientists at the University of Aachen found in the code, the largest U.S. crypto currency exchange Coinbase a security vulnerability that allowed users to transfer your balance to an unlimited number of tokens, Ethereum. Coinbase is not the only example of security problems at major shopping areas. According to the startup Dashlan, systems identify users 70% of the 35 largest cryptocurrency exchanges have bugs that expose them to financial risks.
The risks of cyberattacks on cryptostore
Most exchanges use the simple security of personal account. Almost half of the studied company platforms does not support the tools to check password strength during registration. 43% allow you to create a password and login in less than seven characters long, and 34% of exchanges do not require you to use both numbers and letters.
Lack of security measures allow the cyber criminals to hack the user accounts of the exchanges and steal their money, according to the company. Dashlan cites the example of the kidnapping of a $523 million in cryptocurrency NEM with exchange Coincheck.
In comparison with popular websites, including Apple, Facebook and PayPall, cryptocurrency exchanges are extremely unsafe for users, the authors conclude.
Subscribe to our channel in the Telegram to be aware of.