Definition ∞ A crypto exchange hack involves unauthorized access to a digital asset exchange’s systems, resulting in the theft or compromise of user funds or data. These security incidents represent a significant threat to the stability and integrity of the cryptocurrency market. Such events frequently cause substantial financial losses and erode public trust in affected platforms.
Context ∞ News reports frequently cover crypto exchange hacks, detailing the methods used by malicious actors and the impact on users and the broader market. These incidents underscore the critical need for robust cybersecurity measures and regulatory oversight within the digital asset sector. The aftermath often involves investigations, asset recovery efforts, and calls for improved security protocols.
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