Crypto Hackers Set for Record Year After Looting over $3B(bloomberg.com)
bloomberg.com
Crypto Hackers Set for Record Year After Looting over $3B
https://www.bloomberg.com/news/articles/2022-10-13/crypto-hackers-set-for-record-year-after-looting-over-3-billion
4 comments
What is the typical nature of these hacks? Are they phishing type exploits or are hackers actually finding loopholes in the underlying code of the coins/tokens (e.g., solidity etc)?
I think it's a mix of phishing and market manipulation. Here's an example of drained funds without hacking. Another example of web3 speed-running lessons learned in traditional financial markets.
https://twitter.com/joshua_j_lim/status/1579987648546246658
https://twitter.com/joshua_j_lim/status/1579987648546246658
What percentage of all crypto currency is this? Seems like a not insignificant percentage of the estimated $1-3 trillion total value of all crypto holdings.
Just think if 1% of all minted USD were taken by crooks. Er, what.. that would never happen, right?
Just think if 1% of all minted USD were taken by crooks. Er, what.. that would never happen, right?