🚨👀How Cryptocurrency Hacks Occur
Hackers employ numerous methods to perpetrate attacks on cryptocurrencies. Understanding how they work can help owners and operators keep their money safe. Here are the three main ones.
Phishing: One of the most common types of digital attacks, it involves malicious actors sending emails that trick cryptocurrency owners into divulging confidential information or downloading malware that could allow the hacker to access their cryptocurrency wallet and steal their coins.
Malicious Code: Since cryptocurrencies and the software that underpins them are based on code, they may contain vulnerabilities that hackers can exploit. They can manipulate the code at any weak point in the cryptographic infrastructure to, for example, execute hacking attacks on cryptocurrency exchange platforms and evade them.
Key Theft: Cryptocurrency wallets and exchanges require owners to use keys to access their coins, and if cybercriminals manage to steal these keys, they can easily execute cryptocurrency hacks.