Blockchain hacking and why are cryptocurrency thefts rising so quickly
Many people have referred to blockchain technology as "unhackable" because it is said to be extremely secure and unchangeable. Unfortunately, recent events have demonstrated that hackers can access blockchains in specific circumstances. Hackers' main target is blockchain bridges. Successful attacks on "blockchain bridges" have increased frequency, and attacks on blockchain technologies are becoming common. Blockchain bridges are a key component of the cryptocurrency ecosystem; they are primarily targeted for attacks. Blockchain bridges, also referred to as network bridges, let users transfer digital assets between blockchains. Bridges are like a missing link between cryptocurrencies. Recently, the Ronin Network, a crucial chain of bridges that powers Axie Infinity was hacked by a North Korean hacking group ”Lazarus” which resulted in a loss of $620 million.