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Learning & News => News related to Crypto => Topic started by: sirty143 on March 06, 2024, 12:49:32 PM

Title: Peckshield: Cryptocurrency Hackers Stole Over $360 Million in February
Post by: sirty143 on March 06, 2024, 12:49:32 PM

Peckshield: Cryptocurrency Hackers Stole Over $360 Million in February

Cryptocurrency hackers stole over $360 million during February, almost doubling the amount stolen in January. According to Peckshield, a cryptocurrency and blockchain security firm, the largest hack event in February involved a security breach in Playdapp... See more for yourself here (https://news.bitcoin.com/peckshield-cryptocurrency-hackers-stole-over-360-million-in-february/).

Your opinion is greatly appreciated.

Title: Re: Peckshield: Cryptocurrency Hackers Stole Over $360 Million in February
Post by: TomPluz on March 07, 2024, 02:57:45 AM

Quote from: sirty143 on March 06, 2024, 12:49:32 PM

Cryptocurrency hackers stole over $360 million during February, almost doubling the amount stolen in January. According to Peckshield, a cryptocurrency and blockchain security firm, the largest hack event in February involved a security breach in Playdapp. Your opinion is greatly appreciated.

One of the proven ways to get so rich in this modern crypto modern era is to be a good hacker and target a good crypto platform with multi-millions of digital assets within. And I think this has become a very profitable enterprise that is why North Korea is concentrating a lot of time and resources on this thing. They know that eventually they can hack into something as all platforms got minute weaknesses just waiting to burst and an opportunity to get in can come at the right time. This news of $350 million worth of hack can even be more because there can be small breaches that may not be reported at all. I am always sad to hear something like this because this is telling us that security measures and technologies embraced by legit crypto platforms can still be overridden by creative and intelligent hackers...and many times they can have their own cakes and eat them too. We can only hope that eventually security-focused firms can get the solution for this menace...am thinking of using AI like a security guard so it can be a progressive and adoptive measure rather than a fix one that can easily be manipulated by well-experienced hackers. Now, in 2024, am expecting there will be more hacking attempts and there can be one or two (well, can even be more) that can be tremendously successful.

Title: Re: Peckshield: Cryptocurrency Hackers Stole Over $360 Million in February
Post by: hugeblack on March 07, 2024, 09:18:17 AM

It must be looked at on an annual or several-year basis. If a hacker occurs for one month with a large amount, it may equal the total amount that was stolen over several months or years, but the increase in the frequency of hacking is what is considered a problem compared to the amount that was hacked.

What happens always confirms that “not your keys, not your coins” and it is better to withdraw your coins as soon as you achieve profits in trading.