Botnet defense refers to measures taken to protect cryptocurrency networks from malicious attacks carried out by botnets. A botnet is a network of compromised computers or devices controlled by an attacker, often used to launch Distributed Denial of Service (DDoS) attacks, steal information, or manipulate transactions.In the cryptocurrency space, botnets can disrupt exchanges, wallets, and other services by overwhelming them with traffic or attempting to exploit vulnerabilities. This can lead to significant losses for users and damage to the reputation of platforms.To combat these threats, various strategies are implemented. These include enhanced monitoring for unusual activity, traffic filtering to identify and block malicious requests, and improving security protocols to prevent unauthorized access.Developers and security teams work continuously to update software and utilize advanced technologies, such as machine learning, to detect and respond to botnet activity. By strengthening defenses against such attacks, the integrity and reliability of cryptocurrency systems are maintained, fostering user trust and enhancing overall security.

CoinShares Records $785 Million in Digital Asset Inflows, 2024 YTD Surpasses $7.5 Billion
European crypto investment firm CoinShares has released a digital assets flows report for last week. The publication showed net inflows