As the cryptocurrency market booms, so does its security. In the first half of 2024, cryptocurrency theft losses exceeded $1.38 billion, far exceeding the $657 million in the same period in 2023. The surge in this number not only reveals the severity of cryptocurrency security issues, but also portends a further increase in theft as the value of assets rises. In the face of this challenge, cryptocurrency exchanges such as Binance have adopted a multi-layered defense strategy to reduce risk. T...

As the cryptocurrency market booms, so does its security. In the first half of 2024, cryptocurrency theft losses exceeded $1.38 billion, far exceeding the $657 million in the same period in 2023. The surge in this number not only reveals the severity of cryptocurrency security issues, but also portends a further increase in theft as the value of assets rises. In the face of this challenge, cryptocurrency exchanges such as Binance have adopted a multi-layered defense strategy to reduce risk. T...