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  • Forbes Africa

    Hacking The BLOCKCHAIN

    Apr 01, 2022 4 minutes
    BY TIANA CLINE

    THE ANONYMOUS, unregulated nature of cryptocurrency – which for many is a selling point – is also what makes crypto oh-so-popular with hackers. It is estimated that in 2021, crypto scammers stole around $14 billion in cryptocurrency worldwide. And it’s not only newcomers who are getting blindsided, even those with the blockchain know-how have fallen prey to pyramid schemes, phishing attacks via email, social media (or even dating apps) and pseudo-coins.

    “The concept with blockchain is that it gives decentralized capability to transfer or to manage assets. That is the difference between blockchain technology and what we are currently using today,” explains Oded Vanunu, the head of products vulnerability research at Check Point Software.

    “With blockchain, everyone who wants

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