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Crypto Wallets on exchange networks are not completely secure: all it takes is a good hacker and multiple wallets are cleared of all coins. The XX Crypto Wallet Hacks have made Crypto Wallet exchanges ensure a stronger security system. Hackers are a good human resource for these exchange platforms: they help identify bugs in the code in exchange for a specific bounty or a donation to the field of ethical hacking. The consequences of crypto hacks on the world economy are that it creates distrust in cryptocurrency enthusiasts, lowering the price of the hacked coin and reducing the number of users.