Crypto: Spectacular Hack Reinforces Concern About Industry Security

0
5
By Luc Olinga The largest crypto trading platform has been hit by a huge hack that will cause a stir in the industry. The crypto industry just took a huge blow. The young industry is going through one of its most difficult years, defined by the slump in cryptocurrency prices. The market has lost more than $2 trillion from its November 2021 all-time high of $3 trillion. It’s currently valued at $986 billion, according to data firm CoinGecko. The difficulties are reflected particularly in the drop in value of the top two cryptocurrencies since they reached their peaks on Nov. 10, 2021. Bitcoin h…