Imagine the sad faces of thousands to even millions of investors in the cryptocurrency market when news of a huge amount of digital currency assets have been stolen by hackers during a single fiscal year alone.
That is the truth that many have looked in 2022, wherein $3.5 billion worth of bitcoin and other related resources were taken in that specific year, as per Advanced Data World.
The information was given by a hacking tracker site called Slowmist Hacked and extra information was given by a VPN specialist organization named AtlasVPN, which was affirmed on the eleventh of January this year.
The sum that was taken clearly doesn't look good with numerous financial backers that have lost enormous measures of cash.
It's implied that the fresh insight about the taken cryptographic money caused broad frenzy and stress among significant financial backers. In the mean time, pundits and doubters the same are utilizing the expressed information for their potential benefit to toss much more shade against digital money.
No way to the bad behaviors of a few programmers (most of which are as yet unclear by the specialists), numerous likely financial backers and standard financial backers of the digital money market are terrified from making more ventures.
According to the same data provided by AtlasVPN, the primary targets of the infamous 2022 $3.5 billion infiltration were several blockchain bridges and the whole ecosystem of Binance Smart Chain (BSC).
The former (blockchain bridges) is the tool used by cryptocurrency investors to move their assets from one blockchain to another, while the latter (BSC) is a well-known blockchain hosting service in the market today.
Basically, the hackers targeted those two in order to gain access to the wallets of thousands, if not millions, of cryptocurrency investors and users that have their crypto wallets using blockchain bridges to access their crypto wallets. To put it simply, the hackers stole the keys to the vault to gain access to the money basically in that case.