Crypto Platforms Lose $3.63 Billion to Cyberattacks Despite Security Audits
Source Summary
Cryptocurrency platforms have suffered over $3.63 billion in losses from cyberattacks, according to CoinGecko data. More than 60% of the affected platforms had completed independent security audits prior to the attacks.
Why it matters
The finding demonstrates that independent security audits alone do not guarantee protection against cyberattacks, raising questions about the effectiveness of current security verification practices in the cryptocurrency industry.
