Learn the Lessons from Mt. Gox
The Mt. Gox hack was a wake-up call for everyone. Here’s what it taught new exchanges about security:
1-Keep the majority of funds in cold storage.
2-Use multi-signature wallets.
3-Encrypt sensitive data.
4-Conduct frequent security checks.
5-Promote a culture of security.
6-Use version control in software development.
7-Implement multi-factor authentication.
8-Monitor threats with AI.
9-Stay compliant with regulations.