Cryptocurrency industry security risks continue - key strategies to deal with hacking

Columns：Altcoins author：BTCZXW time：2024-08-29 22:04:24

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Tips on security challenges facing the cryptocurrency industry

1. So far in 2024, cryptocurrency hacking has resulted in $1.21 billion in losses, up 15.5% from the same period in 2023. This reflects the ongoing security risks facing the crypto industry.

2. Although the number of hacker attacks has declined, serious incidents are still occurring, such as the attacks on Ronin Network and Nexera in August. This highlights the importance of code auditing and security maintenance.

3. Centralized financial (CeFi) infrastructure remains the largest security vulnerability, reflecting the shortcomings of centralized exchanges and applications in security defense. The industry needs to further strengthen system security to protect user assets.

4. Despite the security risks, the cryptocurrency industry is still developing rapidly. Industry participants need to remain vigilant and take effective measures to reduce the risk of hacker attacks and ensure the safe and widespread application of cryptocurrencies.

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