⏺ Two significant attacks were responsible for the majority of the damage; the biggest one occurred on the Singaporean exchange Phemex, and the second-largest damage occurred on the decentralized platform Moby Trade.
⏺ The most vulnerable network was Binance, which experienced ten successful hacks, or half of all incidents. With losses exceeding $69 million, or 93% of the total damage, centralized financial services (CeFi) incurred the biggest losses.
⏺ Mitchell Amador, the founder and CEO of Immunefi, believes that because of the vulnerability of their infrastructure, centralized platforms will remain the primary target of cybercriminals.
⏺ Centralized services are improving security systems, implementing multi-level security protocols and modern key management mechanisms, and rewarding vulnerabilities to defend against emerging threats.
#MarketPullback #BitcoinVsTariffs #PolkadotETF #AltcoinRevolution2028 #BitcoinReserveWave