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?
Of a truth, crypto exchanges are supposed to be stronger in terms of security than our normal everyday fiat banking system but its not the major target of hackers because they cannot hack a bank and go scout free without being detected or banks retrieving the money back by tracing the transaction and request reversal. But in crypto they can easily go without any trace of who did the hack it has happened several times and this is also one of the reason mixers where banned here in this forum, because one can easily use a mixer to confuse tracers/trackers from accessing their final wallets.