The recent incident of Bybit funds stolen has attracted widespread attention from the industry. Hackers stole a large number of Ethereum assets by manipulating cold money packages and smart contract vulnerabilities. This incident not only exposed the security vulnerabilities of some exchanges in the storage and trading processes, but also reflected the risks faced by the overall crypto ecosystem. As a centralized storage and circulation platform for digital assets, the security of the exchange is directly related to user asset security and market confidence.
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New Challenges in Digital Asset Security: How to Build a Full-Round Exchange Protection System
Challenges Facing Digital Assets
With the rapid development of the crypto asset market, exchanges not only face challenges such as technical attacks and contract vulnerabilities, but also need to deal with regulatory uncertainty and market operation risks. The high liquidity and anonymity of digital assets make it easier for hackers to target capital-intensive platforms.
Recommended official website and APP of mainstream cryptocurrency exchanges in 2025:
Binance Binance:
[adid]7f39f8317fbdb1988ef4c628eba02591[ /adid]
Official website: - [adid]072b030ba126b2f4b2374f342be9ed44[/adid]
APP:
[adid]ea5d2f1c4608232e07d3aa3d998e5135[/adid ]
Bitget:
Ideas for building a comprehensive protection system
- Technical protection layer
- Multiple signature and key segmentation: Ensure any All funds transfer requires multiple independent signatures;
- Separation management of hot and cold wallets: Strictly distinguish between online transaction wallets and offline storage wallets to reduce online exposure risks;
- Security development and Audit: Introduce automated code audit tools and manual review mechanisms.
- Operation Management
- Risk warning and monitoring system: Real-time monitoring of large-scale transactions, abnormal behaviors and network intrusions, and automatically trigger emergency response;
- Internal control and employee training: Develop strict internal operation procedures and regular training to ensure that each link complies with legal and safety standards.
- Compulsory regulatory authorities
- Keep communication with regulators: Ensure that the platform operation complies with the latest regulations;
- Establish insurance funds and compensation mechanisms: In the event of a safety accident, it can compensate users' losses in a timely manner and enhance user trust.
Implementation steps
- Security architecture design: formulate detailed security strategies, including technology, management and law;
- Regular safety drills: Verify the system's protection capabilities through red and blue confrontation tests;
- Transparent public report: Regularly publish reserve certificates, security audit reports, etc. to enhance market confidence.
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