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Home Can blockchain be hacked?
03 Oct 2022 By PAYCEC
Unfortunately, yes. Blockchain hacks have drastically increased as hackers figured out the technology's security glitches. According to Chainalysis, hackers have siphoned approximately $2 billion out of payment processing using blockchain.
Anyone on a public blockchain can access data, and without governmental surveillance, there is a high risk of illegal activities occurring on the chain. No matter how secure a blockchain protocol is, an attacker who gains control of one node's communications can trick the rest of the network into confirming fraudulent transactions.
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