The Biggest Recent Cryptocurrency Hacks: What Is Behind Them?

Hackers managed to steal more than $320 million in wETH from Wormhole - a blockchain bridge that enables the transfer of funds between the two blockchains. In June 2022, the Harmony Horizon bridge was hacked which resulted in a massive loss of $100 million. The Ronin bridge that was used by Axie Infinity players to transfer assets between the Ronin network and the Ethereum blockchain was attacked by using private keys used to sign transactions. With them, hackers transferred funds …

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