IX.com Security: What Happened and What It Means for Crypto Users

When you hear IX.com security, a reference to the security history of the IX.com cryptocurrency exchange, now known for its 2024 breach and slow recovery. Also known as IX Exchange, it’s one of many platforms that promised fast trades and low fees—but failed to keep user funds safe. This isn’t just about one exchange. It’s a warning sign for anyone using crypto platforms that don’t prove their security is real.

Look at what happened to WazirX, a major Indian exchange that lost $230 million in a 2024 hack. Or BtcTurk, Turkey’s top exchange that got hacked twice in under a year. These aren’t outliers. They’re examples of the same problem: exchanges that grow fast but never build real security. They rely on marketing, not audits, on user trust, not cold storage, on promises, not proof. When the breach hits, users are left waiting months for partial refunds—or worse, nothing at all.

Security isn’t just about firewalls or two-factor login. It’s about who’s managing the keys, how often they’re audited, and whether the team has skin in the game. If a platform doesn’t publish regular proof-of-reserves or third-party audit reports, you’re not trading—you’re gambling. And when a platform like IX.com disappears from public updates after a hack, you know the odds are stacked against you.

What you’ll find below are real stories of exchanges that broke, tokens that vanished, and users who lost everything. These aren’t hypotheticals. They’re case studies in what happens when security is an afterthought. Whether you’re holding onto a coin from a hacked exchange or considering a new platform, these posts will show you what to look for—and what to run from.