Are Cryptocurrencies Secure? Yes and No – Here’s Why

Are Cryptocurrencies Secure? Yes and No – Here’s Why
The blockchain technology underlying cryptocurrencies represents a great leap forward in security, yet some crypto investors have found themselves on the receiving end of multimillion-dollar hacks, fraud and other attacks.What explains the simultaneous security and vulnerability of these digital assets, and what can advisors do to help their clients who may be at risk?This article originally appeared in Crypto for Advisors, CoinDesk’s new weekly newsletter defining crypto, digital assets and the future of finance. Sign up here to receive it every Thursday.We have to understand that while transactions on a blockchain can be very secure, crypto assets themselves have similar…