mere reading the news of the hacked bybit exchange and the amount that has been stolen from it, it made me wonder if an exchange that should naturally be technologically strong can get hacked, what happens when a strong hacking teem decides to try out our nija banks that might not be well sophisticated regarding it security.
the Anonymous group have once threatened to hack the CBN and send money to citizen and we all took it as a joke. could that be possible?
secondly, crypto exchanges and the banks, be it central bank or the commercial bank, which is more susceptible to hack?
That a bank can be hacked. As before using digital currency, everyone kept their money with them. Because of this, theft or robbery was becoming more and more common, after seeing these things, the decision was taken to create digital currency. And almost everyone started using digital currency. For example, we started exchanging money using a digital currency app or website. When there is some kind of vulnerability in the app or website, a hacker can hack it. Any bank or website can be hacked.
Depending on the vulnerability of a website or app, which one is more likely to be hacked. For example, if a hacker wants to hack with the intention of stealing money, then the website of the bank that has vulnerability or the cryptocurrency exchanger that has vulnerability will be hacked. If the bank's website or app does not have any kind of vulnerability, then if a vulnerability is found in the cryptocurrency exchange, then the cryptocurrency exchange will be more likely to be hacked.
Always try to check whether the exchanger you are using has been verified as safe or not. Use it after knowing all the information related to the exchanger.