The most prominent cryptocurrency scams & hacks in 2018

Blockchain and cryptocurrencies have come to be routinely mentioned in news articles and conversations. However, just like Facebook’s data breach that compromised 87 million data entries, cryptocurrency exchanges and wallets are not immune to breaches and hacks—especially when you consider that there are many who do not yet understand fully how everything works.

Moreover, there have been numerous initial coin offerings (ICOs) that have turned out to be an exit scam, meaning that the ‘founders’ of the new coin simply took off with the money that they received, without working on the project as they promised they would. Combined with the scams and hacks, there have also been many incidents where a lot of tokens have been stolen or lost, as explained in more detail in an article by Charlie Osborne. She summarizes all the scams, hacks, and breaches that have taken place in the cryptocurrency sphere in 2018, which you can find here.