A company that wants to solve and protect you from hackers

[xtinepink]

Anyone wonder how hackers transfre the hacked coins? 

Well I saw this article about how they actually do it. 

Hackers usually take their stolen tokens to the decentralized exchanges (DEX). Decentralized exchanges are less regulated than centralized exchanges like Coinbase and Binance. Decentralized   exchange does not need or provide a KYC to their clients or customers. 

Since token-to-token trading is possible on DEX, hackers convert their loot to other tokens or to mainstream cryptocurrencies such as Bitcoin and Ethereum.

This only means that hackers can make it difficult to trace the hacked or stolen cryptos and cash them out using centralized exchanges.

So there is a company that wants yo solve this too. It is called Sentinel Protocol is a crowdsourced threat intelligence platform to protect you against hacks, scams, or frauds.

you can check the website here: 

https://sentinelprotocol.io/

[Kate]

Nice to hear that many organizations wanna help out and stop scammers and hackers. Thanks xtine