I definitely believe many exchanges do not report hacks if they are a “smaller” amount that they can simply cover themselves and keep running as usual thought $2.5 million a day… that would really add up!
Mr Sawhney described an example of a recent hack, stating: “An employee of a Bitcoin exchange was a competitive dog walker. The hacker monitored the social feeds of this employee and gained access to realise that fact.”
“They made a fake website and application for this employee to apply to compete in a local dog walking competition.”
“The victim then opened up the wrong email, opened up the wrong PDF, and ended up applying to a fake dog walking competition, and the hacker gained access to her keystrokes.”