2018-7-18 22:44 |
“Well constructed” contract code is the key, and all exchanges must focus on this in order to gain and keep users’ trust.
The Sad Story of Exchange Hacks Continues
Catastrophic hacks resulted in millions of dollars lost at early bitcoin exchanges like Mt.
Just last week, even decentralized trading platform Bancor had to suspend activity to investigate the loss of $23 million in tokens.
“What differentiates centralized and decentralized exchanges is very clear: can user assets be stolen if an exchange’s data and private keys are compromised by attackers?
One way to mitigate this vulnerability at decentralized exchanges is to limit the privileges of the administrator.