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But the popularity of cryptocurrencies has also seen an exponential rise in crypto exchange hacks. They can transfer the coins to anonymous addresses, and the altered blockchain would act however they had programmed it to work. The hackers pulled off the cybercrime by using private keys stolen from owners to withdraw coins, creating a prime example of hacking effected through key thefts. Built on blockchain technology, cryptocurrency is a decentralized�and unregulated�digital currency. An existing blockchain, therefore, cannot be hacked in the traditional sense of "being hacked," where malicious code is introduced into the chain or someone "hacks" into the network with brute force and begins making changes or asserting control.
