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?
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.
4 comments
[ 2.7 ms ] story [ 26.7 ms ] threadJust think if 1% of all minted USD were taken by crooks. Er, what.. that would never happen, right?
https://twitter.com/joshua_j_lim/status/1579987648546246658