In the past 6 years, crypto security has been tested very hard. Because the incident of hacking that occurs is increasingly troubling everyone who is involved in the game of the crypto world. Many suffered massive losses from the hacking conditions that occurred.
Image by Gino Crescoli
When viewed in general terms, what is often targeted by hackers is the existence of smart contracts. Many of the present token project formations have become easy targets. Even this hack has claimed many victims. No exception indeed, the average service becomes the target.
Different in terms of coin formation. If you look closely, there are very few hacking incidents from projects that don't use smart contracts. So it can be said that the condition of the coin is indeed better than the condition of the token. DAO, DeFi, NFT, or Metaverse can still be said to be very vulnerable to hacking.
How safe is crypto for future adoption? What is clear is still a big question for this. Is it appropriate to be adopted or not, unfortunately, until now the existence of crypto is still considered a nuisance to world economists. So many seek that cryptocurrencies can be regulated by them to reduce the problem of money laundering, and other illegal activities that are their way of providing protection to their users.
