Cyber warfare involves the use of digital attacks and defense strategies by nation-states or state-sponsored actors against an adversary’s information systems. This can include espionage, disruption of critical infrastructure, or information manipulation. In the context of digital assets, it can target blockchain networks or exchanges.
Context
Cyber warfare’s impact on digital asset markets is a growing concern, with potential for state-level actors to destabilize or manipulate cryptocurrencies. Discussions often revolve around the vulnerability of decentralized systems to sophisticated, state-backed attacks and the implications for global financial stability.
A critical failure in access controls allowed politically motivated attackers to drain $90 million from Nobitex's hot wallets, exposing systemic infrastructure vulnerabilities.
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