Copyright © 2004-2021 LHCrypto
All rights reserved.


The security level of cryptocurrency is growing

  • cryptoexchange_hackers
Articles list

According to research conducted by Group-IB, clients of cryptocurrency exchanges risk less than the owners of trading platforms. Since the beginning of 2017, 14 successful attacks on exchange offices were committed, resulting in financial losses of $ 882 million. The largest of them occurred in January 2018. Then the attackers managed to pick up more than 500 million NEM (XEM) tokens from the Coincheck exchange, totaling $ 534 million.

The technology of hacking cryptoexchanges

It is not known how many hacker attacks were committed over the past years. In some cases, companies prefer to cover losses on their own and not advertise the fact of vulnerability. Now we know for sure that 14 attacks have been crowned with success. According to a Group-IB study, hackers tend to seize access to personal wallets and user passwords.

To do this, they find loopholes in the servers where this information is stored. By sending emails with malware, they sometimes manage to get on local networks. It is from there that the necessary data is downloaded. The most famous group of hackers is South Korean Lazarus, which launched the attack on Coincheck. In total, it took responsibility for 5 successful actions.

However, to withdraw the stolen is not so simple. Despite the blockchain's anonymity, it is enough to simply track the chain of movement of information. Attempts by hackers to cash tokens stolen from Coincheck have not yet succeeded.

Hacking and ICO

Not only stock exchanges are attacked. According to experts of Group-IB, the organizers of ICO in 2017 lost more than 10% of all funds raised. The most common problem was the lack of technical preparedness of the projects and the low level of awareness of their management.

Since the blockchain was just beginning to enter the world, project developers had little experience in terms of security. Now the situation is changing, and technical training of specialists has become much higher.

So, during the research, it was found out. Most often, hackers acted in the most primitive way, through phishing. That is, they simply picked up passwords by randomly sorting out combinations of characters.

Are you ready to start?
Open Account Be a Partner

LH-CRYPTO is an online service for crypto-traders

LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:


All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

The services provided by this project are not available for: residents of USA, France, North Korea, Spain, Sudan and Syria.

visa mastercard 3D secure visa 3D secure mastercard