Cryptocurrency exchanges hold large amounts of digital assets and often have lax security. Ransomware can lock administrative systems or demand ransom for data recovery. The anonymity of crypto payments makes attacks lucrative and hard to trace. Some attackers combine malware with phishing for maximum effect. Exchanges invest heavily in cybersecurity as stakes rise.
It matters because financial systems face direct threats. Customer funds and trust are at risk.
It also highlights the need for robust digital asset security practices.
Ransomware attacks target cryptocurrency platforms for profit.
[CoinDesk, coindesk.com]