W

Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done.

Business Management
Share
Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done.

The industry is moving toward fixing the private key vulnerability issue, just not evenly, Wish Wu, co-founder and CEO of Pharos, said.

Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done.

Source：CoinDesk

Disclaimer：Please read market information rationally and stay aware of investment risks. All content on this site is for informational purposes only and does not constitute investment advice.

Related Reading

Hardware wallet sales in Russia more than double as new crypto rules near

Wildberries’ average price for hardware wallets fell 13% to 7,900 rubles, and M.Video broadened its range of products, though neither retailer identified the…

US spot Bitcoin ETFs post best week since April with $1B inflows

The spot Bitcoin exchangetraded funds registered their thirdstrongest showing since October as institutional demand showed signs of renewed momentum.…

Brazil's central bank orders exchanges to delay large crypto transfers abroad

The rule applies to transfers above $10,000 and smaller transactions flagged as risky by exchanges. Source：CoinDesk

US Senate to vote on advancing CLARITY Act in September after Thune files cloture

The procedural move puts crypto market structure legislation back on track as lawmakers continue negotiations over ethics and stablecoin provisions.…

Source：https://www.coindesk.com/tech/2026/06/29/private-keys-not-smart-contracts-caused-40-of-crypto-s-usd16-billion-hack-losses-here-s-whats-being-done