News of a $190 million cryptocurrency theft emerged this week, despite cryptocurrencies being designed to be unhackable. Here’s the low-down on what is going on and how safe bitcoin or other cryptocurrencies are


5 August 2022

By Matthew Sparkes

A cracked bitcoin token

Despite cryptocurrencies like bitcoin being practically unhackable, the currencies seem to keep being stolen

Shutterstock/Novikov Aleksey

Big cryptocurrency heists are raising concerns about whether digital currencies are safe to invest in. It emerged this week that US cryptocurrency firm Nomad has been hit by a $190 million hack and trading service ZB Exchange has paused withdrawals after a suspected $5 million loss to hackers. A similar amount was stolen from Solana wallets, and just two months ago, a group thought to be based in North Korea is believed to have siphoned off $100 …

Continue reading

Subscribe today

to get 50% off


Offer ends 07/09/2022. *Cancel anytime within 14 days of payment to receive a refund on unserved issues.

Existing subscribers, please log in with your email address to link your account access.

Inclusive of applicable taxes (VAT)

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *