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?
First exchanges has nothing to with nature.
Second every technologically that has to do with software has only one languages which is alphabet and numeric. This is the means of communication, no local back that cant be hacked and no exchanges that cannot be compromised. The reason is that, the security system is not overview by physical men but is minded with codes that makes it accessible to anyone who can override the recent command and give it a new command.
The digital world is mind blowing but there are lots of flaws to it.