Last year saw a historic rise in cryptocurrency hacks, with cybercriminals stealing over $3 billion. According to a discovery from the cybersecurity firm Halborn, 2023 could have been even more disastrous, with the company finding massive vulnerabilities in top blockchains such as Dogecoin, Litecoin, and Zcash—putting about $25 billion of assets at risk.
Halborn has worked with the affected parties to fix the issues, with developers at Zcash and Dogecoin releasing new updates to mitigate the risks, although developers warned that vulnerabilities still exist until blockchain operators implement the patches, as well as on the other networks.
