🚨 Attention crypto enthusiasts! The International Monetary Fund (IMF) has raised concerns about the increasing cyber threats to the global financial system. With the ongoing digital transformation, accelerated by the COVID-19 pandemic, central banks worldwide are considering digital currencies and modernizing payment systems. 💻

However, this transformation comes with risks. Malicious actors are taking advantage of the digital shift, posing a growing threat to financial stability and confidence in the system. Christine Lagarde, president of the European Central Bank, warned that a cyberattack could trigger a serious financial crisis. 😱

On a brighter note, around 100 countries are exploring Central Bank Digital Currencies (CBDCs) at various levels. If designed prudently, CBDCs can potentially offer more resilience, safety, availability, and lower costs than private forms of digital money. 🌐

What are your thoughts on the growing cyber threats and the rise of CBDCs? Share your opinions in the comments section below! 💬