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Most Cryptocurrencies are Securities?? - Crypto ICOs and Securities Explained!A theft of nearly USD 73 million worth of customers' bitcoins from one of the world's largest cryptocurrency exchanges, Hong-Kong-based Bitfinex. Blockchain is perceived as a safely encrypted ledger and a reliable system of cryptocurrency exchange [79,80]. The security of blockchain architecture is. Cryptocurrencies are inherently secure by design in the fact that it is impossible to tamper with their ownership and transaction details.