Blockchains Were Supposed to Be “Unhackable.” Now They’re Getting Hacked.

Until recently, blockchains were seen as an “unhackable” technology powering and securing cryptocurrencies — but that’s no longer the case.

In one recent attack, a hacker was able to gain control over Ethereum Classic’s network and rewrite transaction history. As a result, the attacker was able to “double spend” cryptocurrencies, getting away with some $1.1 million.

Read the full article on Futurism

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2021-05-20T21:05:34+05:30May 20th, 2021|Categories: Blockchain, Crypto Currency, Cyber Security, FIAKS daily, Fintech & Technology, Others, Report, Security, Technology|Tags: |Comments Off on Blockchains Were Supposed to Be “Unhackable.” Now They’re Getting Hacked.
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