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The security of crypto exchanges is again under the microscope, as major exchanges, Coinbase and Cetus, are hit with major incidents within a week of each other.
If nothing else, it’s been a hard lesson in the importance of using a secure crypto wallet like Best Wallet.
On May 22, hackers exploited a vulnerability in the Cetus automated market maker (AMM), letting them establish large positions with just a few clicks, and eventually drain $223M worth of digital assets within 24 hours.
The decentralized exchange (DEX) and the Sui Network have since worked together to freeze much of the lost assets.
Coinbase Hack: Over 69,000 Users’ Data Breached
The week before, centralized exchange (CEX) Coinbase was also a victim of a security incident, though of a more low-tech nature.
In a blog…
