SQL Injection is a type of cyberattack where malicious individuals exploit vulnerabilities in a web application’s database layer. By inserting or “injecting” SQL queries through user input fields, attackers can manipulate the database to gain unauthorized access, extract sensitive data, or perform unintended actions.In the context of platforms dealing with cryptocurrency, a successful SQL injection can lead to severe consequences. Attackers can access user accounts, steal private keys, or alter transaction records. This could result in significant financial loss for users and damage the reputation of the affected platform.Preventing SQL injection requires proper coding practices, such as using prepared statements and parameterized queries. Regular security audits and keeping software up to date also play crucial roles in thwarting these attacks. As the cryptocurrency ecosystem continues to evolve, maintaining robust security measures is essential to protect user assets and maintain trust in the system.