I just remembered the poly network heist, one of the biggest heist in the history.
Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?
Want to know veterans answers.
Is there also a possibility BTC can be hacked?
If it is, I bet every currency will start to declined.
How safety BTC security for you?
Want to know veterans answers.
Poly network was also a decentralized Finance (DeFi) which contains millions of cryptocurrencies and also trusted by crypto users, but the owner of the platform leaves a small vulnerability in its code which enabled the hacker named Mr. White Hat to take $610 million worth of cryptocurrencies.
Bitcoin in the other hand is also a decentralized digital currency that uses a blockchain technology as a fundamental in-order to keep its system secure and safe which makes it harder to hack.
It is only possible to hack and steal bitcoins from the owners who refused or neglect the use of high security wallets.
Therefore, bitcoin's system is invulnerable or impossible to hack.
there is no smart contract on BTC so its almost nothing to be attacked on its code. its possible on the 2nd layer and those rBTC or wBTC which is close to being BTC itself since these are representation of real BTC in their network just like the Poly.
if OP meant any other attacks like Mining or SEC regulations, its happening already and non of it yet had succeed.