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Should we be surprised that Crypto Currency hacks lead to a 4 billion dollar loss from blog The Technology blog and podcast

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Should we be surprised that Crypto Currency hacks lead to a 4 billion dollar loss

Trying to catch up on some of the things I’ve read, and an article titled Cryptocurrency hacks shot up in 2022, amounting to almost $4 billion in losses. This article was written by Cyberscoop.

The first paragraph covers it best. It says:

Losses of cryptocurrency assets due to hacks rose to $3.7 billion last year, a 58 percent increase over the $2.3 billion that cybercriminals stole from investors and exchanges in 2021, according to a report released Thursday by Immunefi, a web3 security testing platform.

To be honest, I’ve liked the idea of Crypto Currency, but I honestly understand that its like the stock market.

I saw a room that indicated on Clubhouse by its title that said Crypto is up 35 percent year to date. While that’s awesome news, I don’t know if it is going to stay that way. Even if I baught 100 dollars of Crypto, there are only several places and services that take it. One such service is Paypal, where you can buy, sell and even purchase with bitcoin.

Several other companies take it too, but I’m not necessarily impressed. As I heard or read somewhere, probably Mikko’s book, by the mid 2100s, Crypto will have made it last coin for bitcoin. As for other currencies, I don’t know.

If you’re interested in Crypto, you might want to take a look at this article. It might be of interest to you.


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Should we be surprised that Crypto Currency hacks lead to a 4 billion dollar loss was released on January 24, 2023 at 10:13 am by tech in article commentary.
Last modified: January 24, 2023.


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