Bitcoin remains strong as $160 million stolen from crypto exchanges in 2019

Throughout the year, hackers have been able to infiltrate multiple crypto exchanges across the world taking with them millions of dollars worth of digital assets.

The attack took place on Jan. 14 after the company announced an emergency "Maintenance." By Jan. 15, the exchange's website went offline, including support and blog pages.

Later on, the company reported that the hacker kept Cryptopia's private keys and was able to withdraw an additional 1,675 ETH. The month of March saw two cryptocurrency exchanges lose their funds.

First, Singapore's DragonEX reported via their official telegram channel that the exchange was compromised, and approximately $7 million worth of cryptos were transferred out of their wallets.

South Korean-based exchange Bithumb released a statement stating that an "Abnormal withdrawal" occurred at 13:00 UTC on March 29.

Along the same lines, Binance, the world's largest crypto asset exchange in daily volume, experienced a security breach involving 7,000 BTC valued at around $40 million.

Changpeng Zhao, the exchange's CEO, said that the hack represented about 2 percent of Binance's BTC holdings.

A few weeks late, the Japanese exchange BITPoint lost $28 million in an attack that affected over 50,000 users.

UPbit, one of the largest cryptocurrency exchanges based in South Korea, reported that 342,000 ETH were transferred from the exchange's hot wallet to an unknown wallet equivalent to $50 million.

Despite the attacks that some of the most prominent cryptocurrency exchanges in the industry experienced this year, the incidents were not able to affect Bitcoin's bullish trend.