I have no evidence, but I feel traditional exchanges don’t suffer this much hacking attack.

Q: is cryptos more prone to hacking?

Due to limited regulation, I think bccy is easier to hack, and easier with money laundering.

Financial assets have ownership. Trading accounts have accounting opening procedures so the institution can trace the movement of an asset. Crypto accounts are often not traceable.

— eg: https://edition.cnn.com/2019/05/08/tech/bitcoin-binance-hack/index.html says Binance announced that it discovered a “large scale security breach” Tuesday. It said hackers stole 7,000 bitcoins in one transaction.

I think Binance is one of the more secure cryto exchanges. So this incident really shook my confidence in crypoto exchanges.