Xox Tech

We are your destination for cyber support from all kinds of malware and spyware attacks

Cyber resilience is much more than a matter of technology. Agility, balance and high level view are indispensable

IF MY EXCHANGE IS HACKED, WILL I LOSE MY CRYPTO ?

For example, let’s say you sent a certain amount of ether to an exchange. That exchange then stored your ETH in their hot wallet, which can sometimes be vulnerable to hackers. The hackers could gain access to that wallet and transfer it somewhere else. Some exchanges may have insurance policies to reimburse customers who experience something like that. If not, though, they might still be able to track down where those funds ended up going and help authorities go after whoever took them. So even with hacker incidents, the blockchain’s technology makes it possible to recover stolen crypto.

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