Hackers Have Caused $1.5 Billion in Losses to the Cryptocurrency Space to Date

2025-10-21 13:35:39 Classification：Virtual Currency read(54)

CertiK co-founder Ronghui Gu has stated that as of November 28,Digital currency is illegal 2023, hacking attacks alone have caused $1.5 billion in losses in the

cryptocurrencyspace. Gu believes that these hacking attacks and vulnerabilities have had a significant impact on the adoption of cryptocurrencies, undermining public trust in the security and stability of digital assets. He considers security incidents resulting from SIM-swaps and multi-signature failures as “unforgivable,” and suggests that companies should adopt native cryptographic multi-factor authentication and undergo regular security audits.

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