There Were 37 Blockchain Attacks In The Third Quarter

The cryptocurrency and blockchain ecosystem, which has had a difficult year with global economic developments, also suffered significant losses from security breaches and cyber-attacks. The third quarter of 2022 data released by the Blockchain Security Alliance stated that 37 attacks were recorded in three months. While losses from these attacks were $405 million, they were down 43.6% compared to the second quarter and 59.6% compared to the first quarter. When the first 9 months were evaluated, the total losses were found to be more than $2.3 billion.

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Which offers high-security cryptocurrency exchange software, shared his evaluations on the topic. Recalling that the number of cryptocurrency exchanges operating worldwide is more than 500, Tekin Uguz said: “Coinmarketcap, which is considered a reputable data source within the crypto ecosystem, only monitors 252 of these exchanges. While choosing the right cryptocurrency exchange is important to investors, those who want to progress in the industry by setting up a cryptocurrency exchange must find the right and safe software.


The report on cyber-attacks detected in the third quarter found that inter-chain bridges and decentralized financial (DeFi) technologies accounted for 92% of total losses. NFT platforms, decentralized exchanges (DEX), decentralized autonomous organizations (DAO), and wallets were among the types of projects that were hacked.

Arguing that cyber-attacks have made the drawbacks of decentralized exchanges, which have limited liquidity and offer more complex structures compared to centralized exchanges, said expert “Many investors are looking for guaranteed liquidity, a highly secured investment environment, and a legal addressee they can turn to when needed. This situation increases the importance of centralized exchanges in the eyes of users. As an Expert, we provide turnkey cryptocurrency exchange software that helps entrepreneurs bring a new perspective to the industry, reducing the time to implement their central exchange projects. With the software we have developed, traders can instantly open their secure exchanges, which are configured to work with any of the USD, or EURO currencies, where the desired cryptocurrencies are listed. In our solution, which we offer together with the on-demand mobile application, we can also implement additional developments according to the wishes of our customers. We provide servers and all similar services, we provide support services on a contract basis.”


Pointing out that it is not difficult to open a cryptocurrency exchange today and recalling that its services are not limited to the stock market, Tekin Uguz concluded its evaluations with the following statements: We support corporate communication activities. In addition to the blockchain network, we can also develop wallet applications such as Trust Wallet, and MetaMask that crypto investors and NFT traders should actively use. Thanks to our white label software packages, protected by advanced security technologies, developed according to the regulations for remote customer acquisition and incorporating user-centric security measures such as two-factor authentication, we offer crypto exchange software, coin issuance, coins, NFT to all our clients who want to be included in the crypto ecosystem as a market maker, we offer services like creation and publishing, blockchain networks. Our services are in demand in Turkey and especially in foreign markets.”

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