International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Volume 7 Issue 6
November-December 2025

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Cybersecurity In Blockchain and Potential Risk of Undressed Fraud In Crypto

Author(s) Mr. Ayotunde O Oyatomi
Country United States
Abstract The cybersecurity area encompassing blockchain technology and cryptocurrency reflects concerns regarding defense mechanisms and transparent regulatory frameworks. Centralized crypto services, such as exchanges and bridges, remain vulnerable to fraud, posing a threat to the security of the entire blockchain ecosystem. This work explores the crypto frauds that have remained undetected for an extended period, provided the technology is transparent. The research is an in-depth comparative case study, relying on secondary information about five well-known blockchain crypto fraud cases (Mt. Gox, Ronin Bridge, FTX, and the Ponzi schemes CBEX and PCEX). The way the research results are framed highlights the vulnerability of the system. The results reveal that security failures are not frequent at the core level of protocols, but rather in the centralized components and even fraudulent structures surrounding them, including exchanges, bridges, and Ponzi schemes. These strata foster individual cases of information asymmetry and failure, which enable cyberattacks, national malpractices, and planned frauds. The research has found that the safety of the blockchain ecosystem requires a fundamental shift to verifiable operations and robust regulatory oversight of intermediaries.
Keywords Blockchain Security, Centralized Exchanges, Fraud, Cryptocurrency bridges, regulatory Supervision
Field Computer > Artificial Intelligence / Simulation / Virtual Reality
Published In Volume 7, Issue 6, November-December 2025
Published On 2025-12-02
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E-ISSN 2582-2160
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