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Top 10 Blockchain Attacks, Vulnerabilities & Weaknesses
Release Date: 09/27/2021
Working Group: Blockchain/Distributed Ledger
Cryptocurrencies and other blockchain virtual assets have been the target of the majority of Distributed Ledger Technology (DLT) attacks and a variety of threat vectors over the past twelve and a half years since the birth of bitcoin. Many of these threat vectors will target similar vulnerabilities as DLTs are deployed for financial technology (FinTech) and enterprise blockchain applications. These Top 10 DLT Attacks from the early days of virtual assets provide illustrative examples and costly lessons that can help develop blockchain applications that are protected from the top 10 attacks. Those attacks include: Exchange Hack, DeFi Hack, 51% Attack, Phishing, Rug Pull/Exit Scam, Ransomware, Investment Scam, High Profile Doubler Scam, Extortion, Fraudulent Services Key Takeaways: An understand of 10 popular DLT/blockchain attack The best practices to defend against attacks Concrete examples and case studies for each attack
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