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Crypto Risk Controls

Definition

Crypto Risk Controls are measures and procedures implemented by individuals, businesses, or protocols to identify, assess, monitor, and mitigate potential financial, operational, or security risks associated with digital assets. These controls might include robust cybersecurity protocols, multi-signature wallets, strict access management, and continuous auditing of smart contracts. Their objective is to protect assets, prevent fraud, and ensure the stability and reliability of crypto-related activities. Effective risk management is paramount for safeguarding investments and maintaining trust in decentralized systems.