This refers to the protective measures implemented by cryptocurrency exchanges. ‘Exchange Security’ encompasses the protocols, technologies, and procedures designed to safeguard user assets and data from unauthorized access and malicious actors. Robust security is a critical factor for user trust and platform integrity.
Context
News regarding ‘Exchange Security’ frequently addresses incidents of hacks, data breaches, or the implementation of new safeguarding technologies by trading platforms. Understanding the security measures employed by exchanges is vital for assessing the risks associated with holding digital assets on third-party platforms. The robustness of these defenses directly impacts the perceived reliability of the entire digital asset market.
A critical failure in access controls allowed politically motivated attackers to drain $90 million from Nobitex's hot wallets, exposing systemic infrastructure vulnerabilities.
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