Description
Crypto exchange hacks cannot be reduced to zero probability, but exchanges can implement stronger custody and security systems, collaborate to freeze stolen funds, and make money laundering extremely difficult. In this exclusive FXStreet interview, Bitget CEO Gracy Chen discusses why exchanges have no margin for error and what the industry must do to protect user funds.
While hackers can fail thousands of times and still succeed, a single exchange failure can result in catastrophic loss of user assets. Key topics include building robust custody infrastructure, strengthening security protocols across the supply chain, and industry-wide collaboration to freeze stolen money before it is laundered. By making it significantly harder for bad actors to launder funds, the entire crypto ecosystem becomes more resilient. This discussion is critical for anyone using centralized exchanges, as it outlines practical steps exchanges can take to reduce the impact of hacks and safeguard digital assets.
#Bitget #CryptoHacks #ExchangeSecurity