<ul><li>Blockchain technology, though secure, is prone to hacks that can result in significant financial losses for crypto investors.</li><li>Weaknesses like poorly written smart contracts, exchange vulnerabilities, and phishing attacks are common entry points for hackers.</li><li>Common hacking methods include exploiting smart contract vulnerabilities, targeting centralized exchanges, phishing attacks, malware, and 51% attacks.</li><li>Exchange hacks have resulted in massive losses, with examples like Bybit, Mt Gox, and the FTX exchange collapse due to mismanagement.</li><li>Smart contract exploits like The DAO hack and the Ronin Network hack showcase the risks associated with vulnerabilities in code.</li><li>Phishing attacks, 51% attacks, and rug pulls/exit scams are additional threats that crypto investors need to be cautious of.</li><li>Preventative measures like using hardware wallets, enabling 2FA, withdrawing funds from exchanges, and being cautious of suspicious projects can help safeguard investments.</li><li>Being vigilant, conducting research, and never sharing private keys are crucial steps in protecting assets in the volatile crypto market.</li></ul>

5 Comman Hacking Methods in Crypto Market

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