Definition ∞ CEX Vulnerability describes a security weakness present within a centralized cryptocurrency exchange that malicious actors can exploit. These flaws might reside in the exchange’s software code, operational procedures, or underlying infrastructure. Exploiting such a vulnerability can result in unauthorized access, theft of user assets, or exposure of sensitive data.
Context ∞ The current situation involves exchanges constantly updating their security measures and undergoing audits to counter sophisticated and evolving cyber threats. A key discussion point revolves around the trade-off between user convenience and implementing robust, multi-layered security protocols. Future developments focus on advanced cryptographic techniques, continuous security monitoring, and improved auditing practices to minimize these inherent risks.