Why crypto needs privacy to compete with TradFi
The following is a guest post from Georgi Koreli, CEO & Co-Founder of Hinkal.
For years, crypto wallets have been as clear as glass, showing every single transaction, balance, and interaction on an open ledger. While this was once seen as a foundational asset of blockchain tech, many now see it as a critical weakness. According to State Street Global Advisors, 62% of institutional investors prefer indirect or regulated exposure to crypto, citing apprehensions about exposing their every move on a public ledger. In an ecosystem that aspires to replace or rival TradFi, the inability to conduct business confidentially is a serious liability.
The recent Bybit hack, which cost the platform $1.5 billion, was allegedly caused by a wallet…
