“The crypto market's whiplash volatility can make investing in certain coins feel like a major gamble, especially to those less familiar with the ins and outs of digital wallets and blockchain technology. It also poses a cybersecurity risk in the event that digital hackers and thieves find a way into your portfolios."
This was precisely the case Monday, when it was found that an estimated $15 million worth of Ethereum was stolen from exchange platform Crypto.com.
Multiple users had begun reporting missing funds and odd activity on their accounts, prompting the site to release a statement via Twitter, reading, “We have a small number of users reporting suspicious activity on their accounts. We will be pausing withdrawals shortly, as our team is investigating. All funds are safe.”