Crypto exchanges are facing escalating cyberattacks involving bribery, phishing, and insider threats—but advanced security measures are starting to turn the tide.
As crypto adoption rises, so do complex cyberattacks targeting major exchanges like Binance, Kraken, and Coinbase. Recent incidents included insider bribery attempts and phishing scams, though Binance and Kraken successfully thwarted these breaches without data loss, partly thanks to AI-based defense tools. The Coinbase breach, which exposed user data, led to a $20M hacker bounty. Despite evolving threats, crypto platforms are reinforcing their security posture amid increased global scrutiny and user-targeted scams.
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