The rate of cryptocurrency hacks is rapidly increasing. 720 accounts across every major exchange have been compromised — and a lot of it has to do with poor security setups, especially the lack of two-factor authentication (2FA). International cybersecurity firm Group IB has shown that the number of compromised accounts has risen 369 percent since 2017. Data shared with Hard Fork shows that a staggering third of all victims were located in the US. Every single one of the top 19 exchanges has been hit; 720 usernames and passwords stolen in total. The rate of hacks even mirrored market highs…

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