How Can Blockchain Technology Help Trace And Mitigate Risk of Crypto Hacking? – Cryptopolitan


In an era where digital currencies are making their profound impact on the global financial landscape, the realm of cryptocurrency is not immune to its share of shadows. Unseen, lurking in the obscurity of the cyber world, malicious actors are orchestrating elaborate schemes to exploit this burgeoning market. The incident involving the recent exploit of Euler Finance and last year’s breach of Axie Infinity’s Ronin Network may have been shocking, but it is not isolated. The discovery of a possible connection between these incidents has sent ripples through the crypto community, raising questions about the traceability and security of digital assets.

A wallet address linked to the Euler Finance exploit sent 100 Ether, amounting to $170,515, to a wallet associated with the Ronin Bridge exploiter, a party believed to be linked with the infamous North Korean hacker group, Lazarus Group. These incidents serve as a stark reminder of the cyber threats that lie within the crypto space, potentially undermining its integrity and safety.

But there’s a silver lining in this cloud. The…

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