{"id":60862,"date":"2019-04-01T09:17:23","date_gmt":"2019-04-01T14:17:23","guid":{"rendered":"https:\/\/www.pcmatic.com\/blog\/?p=60862"},"modified":"2019-04-01T09:17:27","modified_gmt":"2019-04-01T14:17:27","slug":"dragonex-security-breach","status":"publish","type":"post","link":"https:\/\/www.pcmatic.com\/blog\/dragonex-security-breach\/","title":{"rendered":"Cryptocurrency Exchange DragonEx Suffers Security Breach\ufeff"},"content":{"rendered":"\n<p>Those who are familiar with <g class=\"gr_ gr_134 gr-alert gr_gramm gr_inline_cards gr_run_anim Punctuation only-del replaceWithoutSep\" id=\"134\" data-gr-id=\"134\">cryptocurrencies,<\/g> understand how bad this is.  For those who aren&#8217;t, here is a brief overview.  <\/p>\n\n\n\n<p>Unlike traditional forms of currency, cryptocurrency is not tangible, is not protected by the FDIC, and in reality, is only as secure as where it is stored.  This means, if the storage is compromised, so is the cryptocurrency.  Therefore, those who have invested in cryptocurrency must understand the best, and <g class=\"gr_ gr_126 gr-alert gr_gramm gr_inline_cards gr_run_anim Punctuation only-del replaceWithoutSep\" id=\"126\" data-gr-id=\"126\">worst,<\/g> places to store these funds.\u00a0 <\/p>\n\n\n\n<p>Some of the best places to store cryptocurrency would be on an external storage device, or possibly a digital wallet.  One of the worst places would be a digital exchange center.  This is not because exchange centers lack security, but because they are often targeted by <g class=\"gr_ gr_544 gr-alert gr_gramm gr_inline_cards gr_run_anim Punctuation only-ins replaceWithoutSep\" id=\"544\" data-gr-id=\"544\">hackers<\/g>. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\">The DragonEx Breach<\/h4>\n\n\n\n<p>This is exactly what happened to the digital exchange\ncenter, DragonEx.&nbsp; Earlier this week, the\nexchange platform was targeted by cyber criminals, who effectively breached the\nnetwork.&nbsp; Once in the network, hackers transferred\nand stole an undisclosed number of cryptocurrencies.&nbsp; The digital assets belonged to not only\nDragonEx, but also its users.&nbsp; <\/p>\n\n\n\n<p>Fortunately, some of these assets were able to be retrieved;\nhowever, there are still an undisclosed number of digital currencies\nmissing.&nbsp; For those users who have lost\ntheir cryptocurrencies, there is little they can do.&nbsp; This is exactly why exchange platforms are\nnot a wise place to store digital currencies.&nbsp;\n<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Weighing The Options<\/h4>\n\n\n\n<p>It is recommended, anyone who has invested in cryptocurrencies reevaluate their storage methods of these funds.\u00a0 <\/p>\n\n\n\n<p>Options for digital fund storage include digital wallets, paper wallets, or external storage devices. \u00a0However, all of these come with their own risks.\u00a0 For example, digital wallet platforms may too be targeted by cyber criminals and external storage devices run the risks of malware corruption or physical destruction.\u00a0 <\/p>\n\n\n\n<p>Regardless of which storage service or device used, there are risks.   It just depends on how much risk the investor is willing to accept.\u00a0 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Those who are familiar with cryptocurrencies, understand how bad this is. For those who aren&#8217;t, here is a brief overview. Unlike traditional forms of currency, cryptocurrency is not tangible, is not protected by the FDIC, and in reality, is only as secure as where it is stored. This means, if the storage is compromised, so [&hellip;]<\/p>\n","protected":false},"author":54,"featured_media":55436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[7],"tags":[5623,5624],"class_list":["post-60862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter","tag-crypocurrency","tag-exchange-center"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cryptocurrency Exchange DragonEx Suffers Security Breach\ufeff<\/title>\n<meta name=\"description\" content=\"The cryptocurrency exchange center, DragonEx, has suffered a security breach, leaving the digital currencies of users, and DragonEx...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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