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Recent Editions
Risk Channel
North America
Crypto exchanges are seeking to quickly shore up their defenses following the record $6.3bn hack of Binance, the world's largest player in the sector. Observers say the industry will need to address security issues with urgency as President Donald Trump's regulators move to make digital assets more embedded in mainstream finance. Binance's rivals, including Kraken and Coinbase, say they are bolstering their own systems in a bid to reassure customers that their tokens are safe. "For crypto to reach its full potential, the security situation must be addressed immediately," said Chris Perkins, Franklin Templeton's head of crypto. Some in the industry are urging the development of a coordinated hack detection system. "We need a real-time alert system that allows participants to share information immediately when a hack occurs, coordinate a rapid response, and temporarily freeze suspected stolen funds," Star Xu, CEO of crypto exchange OKX, wrote in a post on X.
Full Issue
Risk Channel
UK/Europe
Crypto exchanges are seeking to quickly shore up their defences following the record $6.3bn hack of Binance, the world's largest player in the sector. Observers say the industry will need to address security issues with urgency as US President Donald Trump's regulators move to make digital assets more embedded in mainstream finance. Binance's rivals, including Kraken and Coinbase, say they are bolstering their own systems in a bid to reassure customers that their tokens are safe. "For crypto to reach its full potential, the security situation must be addressed immediately," said Chris Perkins, Franklin Templeton's head of crypto. Some in the industry are urging the development of a coordinated hack detection system. "We need a real-time alert system that allows participants to share information immediately when a hack occurs, coordinate a rapid response, and temporarily freeze suspected stolen funds," Star Xu, chief executive of crypto exchange OKX, wrote in a post on X.
Full Issue