A botnet attack involves a network of compromised computers, known as bots, that attackers use to execute various tasks without the owners’ consent. In the realm of cryptocurrency, these attacks can target cryptocurrency exchanges, wallets, or mining operations, aiming to steal funds or disrupt services.Attackers often create a botnet by exploiting vulnerabilities in devices and installing malware. Once formed, the botnet can then be instructed to carry out operations like Distributed Denial of Service (DDoS) attacks, overwhelming a target with traffic to cause outages or slowdowns.Additionally, botnets can be used to automate fraudulent activities, such as generating fake transactions or manipulating markets. This can lead to significant financial losses for individuals and businesses involved in cryptocurrency. Protecting against botnet attacks requires strong cybersecurity measures, including regular software updates, firewalls, and monitoring of unusual activity. Users must also practice caution when clicking on links or downloading files to minimize the risk of their devices becoming part of a botnet.

Circle Launches Payments Network to Advance Stablecoin Use in Global Transfers
Circle, the issuer of the USDC stablecoin, announced on May 21 the launch of its Circle Payments Network (CPN) on the