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A Step-by-Step Guide for Reclaiming Stolen Crypto
DEV Community dev.to
Introduction
Cryptocurrencies have gained significant popularity in recent years, making them a lucrative target for hackers. According to a report by blockchain security firm CipherTrace, cryptocurrency thefts, hacks, and fraud amounted to over $4.5 billion in losses in 2019 alone.
One of the main reasons for the prevalence of crypto theft is the decentralized nature of cryptocurrencies. Unlike traditional currencies, which are regulated by central authorities, cryptocurrencies operate on decentralized networks, making them vulnerable to cyber-attacks. Additionally, the anonymous nature …
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