"We know trust needs to be earned and are using every resource at our disposal to deploy the most sophisticated security measures and processes to prevent future attacks," the company said. “Traditional financial companies have grown up knowing that you have to have layers of protection… in order for folks to entrust you with their money,” says Chris Caruana, VP of AML solutions at financial crime solutions platform Feedzai. But the biggest crypto hack by value is also the most recent, suggesting there be many more lessons left to learn. Proponents argue that the crypto ecosystem is having to learn in a few years, lessons the conventional finance sector has had centuries to perfect. The biggest crypto hack of all time, so far, is also one of the most recent. The biggest crypto hacks of all time, listed below, reveal an industry slowly and painfully learning why the privilege of handling millions of dollars worth of digital assets comes with a responsibility for faultless security.
Not only has the price of cryptocurrencies such as Bitcoin careened like a rollercoaster, but the market has also been subjected to a barrage of cybersecurity breaches. But that growth has been far from smooth. The market cap of all digital assets reached $3tn in November last year, a 21,000% increase since 2016. US president Joe Biden’s executive order on cryptocurrencies in March 2022 included a reminder of the market’s staggering recent growth.
0 kommentar(er)
