Cryptocurrency

More than $20 billion loss in ten years, hackers are eyeing the blockchain

In the world of blockchain in 2021, the light side is thriving, and the dark side is evolving as well. According to incomplete slow hacking statistics, 2021 saw frequent security incidents in the blockchain world, far exceeding previous years in terms of number, risk, scale, and magnitude of impact. Among them was a rare “white hat hacking” incident that triggered a security alert for people. The so-called “white hat hackers” refer to a group of people who maintain network security through the sabotage and attack method common to hackers, compared to “black hat hackers”. However, the most famous “white hat hacker” of 2021 did not get a license before the attack took place, and an amount of up to $600 million was at stake. 

Only in the end did the hacker fully return the stolen assets, and Poly Network also waived its legal responsibility. The technology understands good and evil, good and bad not, and blockchain hacking has never exchanged, wallet, public chain, green DAMP and Devi… What is the core of hackers’ attention? A Million and $85 million in crypto assets on Ethereum, B.Sc. (Smart Coin Security Chain), and Polygon (Ethereum Sidechain). The total amount was $610 million and the whole process took 34 minutes. However, under opposition from all parties, the hackers returned most of the stolen assets within the next 12 days, claiming they were not interested in the money, and the “White Hat Hacker” label was born. $610 million, which is not only the largest hacking event in Devi history but also the largest hacking event in cryptocurrency history. 

The magnitude exceeds the famous Mt.Go event (744408 BTC, around $400 million at the time) and the Coin check event (523 million Gems, around $534 million at the time). Data is an important part of operating companies. Accidentally losing business data can result in huge losses. Therefore, in order to protect valuable information, companies need to back up their databases. The growth and survival of your business depend on critical information about your operations. In any type of disaster, backup and recovery processes help in restoring computer devices and recovering data after files are destroyed or deleted. Server backup is very significant to avoid data loss. It can disrupt business operations completely. When a company loses significant data, it is difficult for any company that cannot recover valuable data in a short time to survive. Cloud data backup system that allows you to restore data quickly and effectively and avoid disasters.

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