How Can Crypto Exchanges Survive Billion-Dollar Hacks?
Understanding the Risk
Crypto exchanges are prime targets for hackers, with billions lost to security breaches over the years.
Implementing Strong Security Measures
Cold storage, multi-signature wallets, and encryption are essential for securing customer funds.
Insurance & Emergency Funds
Leading exchanges maintain insurance policies and emergency reserves to cover losses from potential hacks.
Regulatory Compliance & Transparency
Compliance with strict regulations and transparent audits build user trust and strengthen security.
User Protection & Compensation
Fast response teams, recovery plans, and customer reimbursement strategies help mitigate damages.
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