According to the Crystal blockchain report, $400M were stolen from centralized exchanges and $1,8B from DeFi services in 2021. The largest hack in 2021 was the Bitmart incident when attackers stole $200M in various cryptocurrencies. The stolen virtual assets were withdrawn from the exchange’s hot wallet. The hack became possible due to the private key
Since the release of the upgraded CER score at the beginning of 2021, we have actively communicated with crypto exchanges and collected a lot of feedback regarding our security score. The most common request has been related to the Cybersecurity Score (CSS) review. More than 80 exchanges have submitted information regarding their security audits and
Are you curious about what Haсken lived and what the team was up to last month? We have prepared our monthly report — Hacken October in Review — for you! Read, like, share and subscribe to our social media channels in order not to miss anything interesting and something significant! Enjoy! 🙂 New Collaborations October
Author: Kostiantyn Oleshko With the growing popularity of decentralized exchanges in recent months, it became necessary to clarify the factors that form their popularity and the methodology for compiling their rating. In the second half of October, CER will publish the rating of DEXs on the cer.live website, hence the analysts present an overview ranking
CER was initially founded as a project of Hacken, but today we are an independent and separate project under Hacken’s house of brands led by Konstantin Oleshko, Product Owner at CER. However, we still have the same mission and values. CER strives to help crypto exchanges and blockchain projects (including DeFi) to maintain the highest
Since the launch of the upgraded CER website two months ago, we have received more than 100 CER inquiries and expressions of interest in our program from exchanges all over the world. The most common request was about Cybersecurity Score (CSS) review. More than 20 exchanges have submitted their penetration tests or bug bounty programs.
After the announcement of CoinGecko incorporating Hacken’s CyberSecurity Score into their trust score, CER has officially established our place as the de-facto cybersecurity standard for the crypto exchanges. Tying in with the fact that crypto exchanges have substantial monetary holdings, their ability to maintain a secure operational environment then becomes a very important evaluation criteria.
Cybersecurity of cryptocurrency exchanges is paramount in today’s increasingly digital world. These platforms are responsible for large amounts of tokens often worth tens of millions of dollars, belonging to thousands of unique users. Cryptocurrency exchanges are also susceptible to multiple major threats – they risk attack from traditional banking cybersecurity vectors as well as weaknesses
It is obvious that in the modern economy cyber security is one of the most crucial issues requiring proper maintenance. Especially in the crypto exchanges industry since over $282 million were stolen in 11 hacks from crypto trading platforms in 2019 according to a report by Chainanalysis. Although the total amount stolen is much smaller
