Lessons from the LuBian Heist: Bolstering Security for SMEs in Crypto
Back in December 2020, the crypto scene experienced a wild shockwave with the LuBian mining pool heist, which saw a staggering 127,426 BTC being lifted, valued at a jaw-dropping $3.5 billion. This massive heist flew under the radar for almost five years. It’s a harsh reminder of the vulnerabilities lurking within crypto security that every business needs to pay attention to. So, what’s the takeaway for small and medium-sized enterprises (SMEs)? Let’s dive into the crucial lessons from the LuBian incident, focusing on regulatory compliance and crypto asset management.
Key Takeaways for SMEs from the LuBian Incident
First off, the LuBian heist is a wake-up call about the importance of infrastructure security. The breach took…
