Security of the Chain and Attacks: The Rising Reality and Ways to Confront It
Cybersecurity losses in the world of digital currencies have escalated during the first half of the year, with hundreds of incidents recorded and losses exceeding billions. Many attacks rely on vulnerabilities in bridging protocols and administrative algorithms or on social engineering attacks targeting brokerage service providers. The result is clear: the need for deeper security audits, flexible security models, and collaboration between security auditing firms and regulatory bodies to reduce the risk of a mass withdrawal. Experts recommend adopting practices such as multisig for liquidity storage, regular security checks before launch, and bug bounty programs to find vulnerabilities. Exchanges and protocol operators should employ transaction chain monitoring tools to quickly detect abnormal withdrawal patterns. Ordinary users should diversify their storage between cold wallets and trusted service providers and rely on protocols that have undergone independent multi-layer audits. Partial insurance, refund terms, and legal clauses in service contracts and exchanges will become key legal negotiation points.