Hello, crypto explorers! In the early hours of September 20, 2024, #BingX , one of the largest Asian exchanges, was hacked, resulting in a loss of $43 million in cryptocurrency. The response was swift: they activated an emergency plan and suspended withdrawals to protect more funds. Although they assured that most of the assets were in cold wallets, the damage had already been done. đ„
This incident is not isolated. In July 2024, WazirX was also the victim of a massive hack, losing $230 million, and Indodax, another exchange, suffered a recent attack that cost it $20 million. These events continue to underscore the inherent risks of leaving your funds on centralized exchanges.
The Dark Side of #seguridad đ
The crypto space is exciting, but also dangerous. With each hack, it becomes clear that #exchanges , as safe as it may seem, will always be in the crosshairs of attackers. And while many offer compensation and protection plans, the risk never goes away completely.
Here, decentralization and cold wallets become the only solid defense. If Mt. Gox and the recent hacks taught us anything, it's that even as technology advances, risk remains. In crypto, as in life, it's always better to be prepared. The moral? Be your own bank and keep control of your assets.
What's up with decentralization? đ€
On a centralized exchange (like #Binance ), your crypto is stored in one place. If that place gets hacked, they can steal large amounts at once. đ±
On the other hand, with #DeFi (decentralized), you control your crypto. There is no single place to hack, and that reduces the risks of a major attack. But be careful! Security depends on you. If you lose your keys, you lose everything. đŹ
