CertiK Urges Crypto Exchanges to Cap Hot Wallet Holdings
6 Articles
6 Articles
CertiK recommended limiting dollar holdings in hot wallets following the $6.3 billion Binance attack. Binance has replaced 98% of the stolen tokens, with NEAR trading at around $430,000.
🚨 CertiK requested a fixed dollar cap for hot wallets on crypto exchanges. 📌 The company stated that relying solely on cold wallet rates does not measure security alone. 🧭 As the debate intensifies following the Binance attack, $430,000 was tracked across six tokens on the $NEAR network. Read More: CertiK proposes a fixed dollar limit for hot wallets on exchanges The article "CertiK proposes a fixed dollar limit for hot wallets on exchanges" …
CertiK Urges Crypto Exchanges to Set Hard Dollar Limits on Hot Wallets
Cryptocurrency exchanges are increasingly using “cold storage ratios” — the share of assets held offline — to signal how well they manage theft risk. But according to cybersecurity firm CertiK, those percentages should not be treated as a complete security score on their own. Instead, exchanges should use hard dollar limits on hot-wallet holdings, paired [...]
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