A Liechtenstein-based Bank Frick report reveals that crypto theft is declining since 2011, while the crypto industry has constantly been evolving. It is a fast-paced industry with its market expanding over the years. Where exchanges play a pivotal role in the digital currency market, they assist people from all over the world in getting access to digital assets via computers or their smartphones. However, the problem of hacking attacks from various parties is still prevalent and has made the investors from all around the globe lose a huge chunk of funds. The decline in crypto thefts is associated with various