Pa, crypto. We’ve all heard the catchy, clear lyrics sung by digital money preachers: It’s changing the world (or, as a BitConnect person once he set it, “The world is not what it used to be!”)! I am economic transformation (no more banks)! It will make you rich, you idiot! It’s all good stuff. But here’s another thing to do: Take it out of your pockets and let it wander the streets near the city, singing hymns while the thief finds money to save your life.
It is no secret that fraud and theft are commonplace in the cryptocurrency industry. Reports from various dog groups has shown that the mismanaged digital environment is dangerous because, duh, that’s what happens in unregulated industries. Add that diffsive cybersecurity vulnerabilities about crypto architecture, the multitude of money laundering cybercriminals who search the internet for a safe and secure hot bag or zero day exchange, and what you have is a great way to get rid of your clutter.
It also appears that ripoffs and theft seem to be the case worse, not good. According to lesson outside is Crypto Head in August, this year was one of the worst in the history of cryptocurrency hacks and theft — with 32 other reported cases, favoring those who invested nearly $ 2.99 billion in connection losses. It seems to be rising from last year’s figures, which were, in itself, a 40 percent increase from what happened in 2019. And, since the Crypto Head report came out, the explosion of hack exchanges continues to confirm its central theory.
In that spirit, here is a look back at six of the biggest crypto challenges of 2021.
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