Hacken: Crypto Audits Give False Sense of Security
Crypto audits can provide investors with a false sense of security as Q3 hacks cost $1.18 billion, according to Hacken.
Crypto audits often provide investors with a false sense of security while security threats continue to mount across the ecosystem. According to data reported by Hacken, hacks in the third quarter alone resulted in $1.18 billion in losses.
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The figures highlight ongoing vulnerabilities within decentralized protocols and digital asset infrastructure, despite routine third-party security reviews and code audits conducted prior to deployment.
Key facts
- Crypto hacks cost $1.18 billion in the third quarter.
- Audits can create a false sense of security for investors, according to Hacken.
Source: coindesk.com
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