This Is Why There’s Been So Many NFT and Crypto Hacks

The blockchain is shockingly secure, but the platforms that interact with it are a paradise for hackers and scammers.

Jan 28 2022, 2:00pm

It’s been a wild few weeks for Crypto and NFTs. The whole market took some hits, but the crypto markets especially have seemed to spiral. At the same time, there’s been so many hacks, stolen Apes, and ransomed tokens that it’s hard to keep track of them all.

Advertisement

This week on Cyber, we go through it all. Who lost what and how? Also, what is it about the blockchain that makes it so vulnerable to hacks and schemes?

Motherboard senior staff writer Lorenzo Franceschi-Bicchierai and Motherboard Senior Editor Jordan Perason sit down with Matthew Gault to talk about the unique vulnerabilities of the crypto market and what happens when centralized systems try to interact with a decentralized platform.

We’re recording CYBER live on Twitch. Watch live on Wednesdays at 4pm EST. Follow us there to get alerts when we go live. We take questions from the audience and yours might just end up on the show.

Subscribe to CYBER on Apple Podcasts or wherever you listen to your podcasts.

Tagged:

Podcast, CYBER, hacks, crypto

More
like this
The Many and Varied Uses of ‘lol’
Discord Is the Center of the Crypto World and That’s a Problem
Talking to the OSINT Expert Helping Foreign Students Flee Ukraine
The RaidForums, Illegal ‘Club Penguin’ Servers, and the Blockchain in the DPRK
Listen as Tech Companies Lobby the Cops
The Data Broker Tracking Abortion Clinic Visits Is Also Selling to the CDC
Inside Evangelical Start-Up Culture
The Decentralization of Disinformation