A Look Into Cryptocurrency Hacking

Many people see hacking as highly technical and complex operations but now my perspectives of crypto hacking have changed just by spending sometime online and grasping the method these smart people use to go about their activities.

These group of cybercriminals are actually brillliant and there is no doubt about that. Prior to now, hackers are just group of people individual who do not really have any reasons for hacking but just perverted ones looking to hack for fun but in today's hacking, what we are witnessing is more to just hacking for fun, the passion with the drive is to be able to afford the daily needs of life and live expensive lifestyles. These people want to enjoy the yatch ride. With a little of my experience on Dark Web , this is where these crypto hackers are aided with all kinds of malware to carry out their activities and Dark Web can be seen as the origin of Hacking.

Most of these criminals have no jobs in some countries that encourage coding learning so they think of hacking as a breakthrough. Most targeted are crypto exchanges and business establishments in cryptocurrency hacking. In the case of businesses being hacked, hackers hijack their central systems and hold them to ransome. Cryptocurrency and blockchain have also aided them, they are being aided in such a way that they operate freely without any footprints to be traced. They collect privacy coins like monero that have features which make the sender and receiver to be untraceable. Although there are still hackers who prefer to make bitcoins and ethereums as their prices look attractive to them and maybe their widespread adoption compared to other coins.

There is much similarity of what cybercriminals do today to the Gold Rush of 1800s as the objective is to exploit innocent people of their earnings. Many exchanges have suffered in the hands of these hackers and a case example is the Coincheck Exchange hack earlier this year where millions of dollars worth of NEM was stolen.

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