@ehrtufghjdfgh
Security incidents (hacks, data leaks) on crypto exchanges erode market confidence sharply, triggering panic selling and price drops as users lose trust. High-profile breaches often lead to short-term volatility. To strengthen security, exchanges should use cold storage for most funds, implement multi-factor authentication, conduct regular security audits, and establish emergency response protocols. Regulatory oversight and third-party security certifications also help rebuild trust.
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