significant financial loss and potential damage to the reputation of the exchange. This can result in a loss of trust from customers and a decline in the overall market confidence in cryptocurrencies. Additionally, the hacked exchange may be required to compensate affected customers, further exacerbating the financial impact. Furthermore, the stolen funds may be used for illegal activities, which can have broader societal implications. Therefore, it is crucial for cryptocurrency exchanges to prioritize security measures and implement robust systems to protect customer holdings and prevent hacking incidents.
HomeDIGITAL ASSETS REGULATORYbis_asset_updateIntroducing the New CBCS Corporate Approach: Enhancing Governance for Optimal Results by...