With hacks occurring more frequently these days, I would strongly emphasize the importance of security. Whether it's a decentralized exchange (DEX) or a centralized exchange (CEX), no one is immune. First, we witnessed the Mixin incident, and now it's Galxe. It's crucial for everyone to assess the security measures of any platform before entrusting their funds. We all bear the responsibility to conduct thorough research before investing our hard-earned money
That is the point of not storing our funds on exchanges as they are prone and targeted by these hackers. Even big exchanges are not safe and it was encouraged not to store it in a single wallet but to spread it. Yes, with the recurring hacking incidents, the more it causes panic to the holder who might be thinking of withdrawing their funds instead of keeping them there.
As we are aware of this situation, the more we become careful about storing our keys, visiting sites, and most of all, not clicking links sent by unknown persons.