Why does the crypto industry keep getting hacked?


Manage episode 337007629 series 1318949
By Marketplace. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Last week saw multiple major cryptocurrency hacks, one affecting wallets mostly linked to solana coins. Another hit Nomad, a blockchain bridge where users exchange assets on different blockchains. The losses totaled about $200 million. And these are just the latest hacks. So far this year, there’s been more than $1 billion stolen. So, why is this industry such a target? Marketplace’s Meghan McCarty Carino speaks with Josephine Wolff, associate professor of cybersecurity policy at the Fletcher School at Tufts University.

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