🚨 Centralized Risk: Are CEXs the Real Weak Link in Web3 Security? 🚨 While DEXs are often perceived as the vulnerable part of Web3 security due to recent infamous hacking incidents, latest CyVers 》Proactive Web3 Security report for Q2 2024 indicates that CEXs are actually the main weak point. Despite the very real risks associated with smart contract vulnerabilities, centralized exchanges have become the primary target for attackers. 📊 Interesting Stats from the Q2 Report: - 900% Increase in Funds Lost in CEXs due to Hacks - Hackers targeted CEXs twice as much as DEXs - CEXs lost 7 times more funds compared to DEXs >>
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🚨$68M gone in a second🚨 Imagine your routine: coffee, computer, sending crypto. You copy the wallet address, hit "send" and...panic! The funds are gone! Etherscan shows they went to an UNKNOWN wallet. How? The addresses look similar! You've been hit by address poisoning!
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My op-ed in Finance Magnates, discussing the developments with state/multinational CBDCs, corporate coins, Bitcoin ETFs, and more. I explore what these trends could mean for the future of our money. https://www.financemagnates.com/cryptocurrency/the-future-of-finance-is-on-chain-but-not-necessarily-decentralized/
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