As per the reports published by the Crypto Wisser Exchange Graveyard, 75 crypto exchanges have globally shut down due to hacks, scams or have disappeared in 2020. The reports stated, Altsbit, Nerae, and other four crypto exchanges were claimed to be hacked, whereas, 5 exchanges were labeled as scams. while some were shut down voluntarily, and the remaining 34 crypto exchanges, were labeled as ‘MIA’ for disappearing with no explanation.