Basically, cryptocurrency exchanges are decentralized in nature. Nowadays, cryptocurrencies are big targets by anonymous hackers and online scammers. Crypto exchange has large sums of money. So most of the cyber attackers target to steal digital currencies. Even though most of the popular crypto exchanges got hacked by the cyber attackers. Such as binance, bitstamp, bitfinex, Mt.Gox, and more. As for now, about 54% of crypto exchange websites have security holes. Moreover, $1.7 billion worth of cryptocurrencies has been stolen from the crypto exchanges by anonymous hackers.