Definition ∞ The cost of corruption refers to the quantifiable economic and societal detriment resulting from illicit actions within a system. In digital asset contexts, this includes financial losses from scams, hacks, and fraudulent activities. It encompasses direct monetary losses and reduced trust. Understanding this cost helps evaluate the integrity of blockchain platforms.
Context ∞ Discussions surrounding the cost of corruption are frequent in reports on regulatory efforts within the cryptocurrency space. The financial implications of security breaches continue to be a significant challenge. Mitigating this cost is a primary objective for industry participants aiming to foster a secure digital economy.
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