As the adoption of crypto by institutions and individuals increases, the security of digital assets #CryptoSecurity101 becomes an increasingly crucial issue. The surge in the value of Bitcoin and altcoins, along with the entry of big players into the crypto market, not only attracts investors—but also the attention of hackers.
During the first half of 2024, several major security incidents were recorded, ranging from smart contract exploits, Web3 wallet hacks, to social engineering attacks against retail users. Although the ecosystem is maturing, security vulnerabilities remain a real threat.
In response, various platforms are starting to enhance their protection systems. Some tangible steps that are now becoming the new standard include:
Multi-Factor Authentication (MFA) as a necessity.
Increased code audits and bug bounty for smart contracts.
Adoption of hardware wallets by active Web3 users.
Implementation of ZKP (zero-knowledge proof) for advanced transaction privacy and security.
In addition, major exchanges like Binance, Coinbase, and Kraken are now more aggressive in combating fraud (phishing) and suspicious withdrawals, with more advanced notification systems and AI-based monitoring.
Amid unstable geopolitical conditions and global economic pressures, the security of digital assets is the main foundation for public trust. CryptoSecurity is not just a trend—it's an absolute necessity to ensure that crypto adoption is accompanied by comprehensive protection of users' digital assets and identities.