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An Italian version of this article is available at the bottom.
LONDON (Bywire News) - One of the problems that afflict the crypto and blockchain sector is the number of attacks on smart contracts carried out by various methods. Some might be caused by errors; others by malicious activity. Whatever the cause, though, they both erode confidence in cryptocurrencies.
Every year, we can see how various projects and smart contracts suffer attacks resulting in millions of dollars worth of losses. Criminals often get away as they can use various techniques to hide the funds and cover their tracks.
Unfortunately, when something like this happens, recovering those lost funds can be extremely difficult. Projects often do not offer any insurance or compensation which means victims often find themselves left on their own.
The structure of the blockchain can lend itself to such attacks. Criminals know all too well that it is impossible to turn it off or roll back transactions because these proced...
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