Exchange is said to be a risky place to save your funds, as most of the times, your funds are on the hot wallet during trading activities, which is accessible on the internet. This was proven when an attack was launched in this exchange, the altsbit. The exchange was functioning perfectly, when it was suddenly attacked by some hackers group. A lot of users funds where lost, but the exchange where able to make refunds for every users missing funds. The gave a deadline for every users to request…