Crypto’s obsession with on-chain security lets off-chain mistakes cost billions, analysts warn
Hacken analysts say many crypto firms fail to meet even the baseline of the cryptocurrency security standard, leaving billions exposed to insider threats and credential leaks.
In crypto, one quiet smart contract update can undo months of security work. And yet, according to analysts at blockchain forensic firm Hacken, the industry still treats audits like branding tools, not like the breathing checkpoints they ought to be.
Audits “shouldn’t be treated as a checkbox or a logo on your homepage,” Dyma Budorin, CEO of Hacken in said in an exclusive interview with crypto.news. In his view, too many projects rely on a static snapshot of their code and call it a day. But once that code changes — and it often does…
