Published on August 8, 2021

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Here’s How your Bitcoin and cryptocurrency will be hacked and stolen

Many people have a false sense of security thinking that it is impossible for Bitcoin and cryptocurrencies to be hacked or stolen, due to blockchain technology. However, this is simply not the case. Hackers will avoid blockchain all together because it not the path of least resistance. The path of least resistance is hacking into Bitcoin wallets and cryptocurrency exchanges. These are much easier to hack into. Once they access your currency in your cryptocurrency wallet or exchange, the “currency” is already laundered because there is no identity tied to your Bitcoin, which enables hackers to walk away easy with all your Bitcoin and cryptocurrency. A cornerstone of Bitcoin is anonymity; however, that will also be its downfall. So far, we’ve seen several instances where Bitcoin and cryptocurrency have been hacked and “currency” stolen. We’ve seen hackers successfully hack into NiceHash and Mt. Gox stealing hundreds of millions of dollars worth of Bitcoin.

Even if your Bitcoin doesn’t get hacked or stolen, your cryptocurrency will still be negatively impacted by this serious cryptocurrency problem. The fear of being hacked will cause investors to lose faith in the future of cryptocurrencies resulting in a massive sell-off and it becoming near worthless. This is likely how the Bitcoin bubble will burst.


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Can Blockchains Be Hacked

Can Blockchains Be Hacked, Here’s How YOUR BITCOIN Will Be HACKED & STOLEN.

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