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CertiK Recommends Crypto Exchanges Set Hard Dollar Caps on Hot Wallets
(5 hours ago) · 1 source · Summarized by CryptoBipto
Blockchain security firm CertiK has called for crypto exchanges to implement strict dollar-denominated limits on the amount of funds stored in hot wallets. The recommendation aims to reduce the potential losses from hacks and security breaches by limiting the value of assets kept in internet-connected wallets.
WHY IT MATTERS
Crypto exchanges are platforms where people buy, sell, and store cryptocurrency.
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SOURCES
- cointelegraph.com
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Exchange SecurityHot WalletsCold StorageCertiKIndustry Best Practices
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