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Generally, cyber-attacks usually bank on loopholes or vulnerabilities in the security architecture of an ecosystem. Attackers sometimes aim to prove the vulnerabilities in the security of the victims or steal vital information to blackmail victims. What is prominent to most cyber-attacks is that they are usually mounted for financial gains.
Blockchain technology is a novel technology that is used to record on-chain transactions in blocks that are concatenated after being verified by miners. Due to its DLT–Decentralized/Distributed ledger Technology—feature, the technology has been widely adopted and utilized by several industries, including finance, healthcare, and logistics. The financial use case of the blockchain brought it to the limelight, which in turn makes it a subject of numerous attacks theoretically.