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
I always suggest people not to keep extra funds on the platform, don't even keep them in a decentralized wallet if you use that wallet on a decentralized exchange because it takes no time for things to escalate if there is an attack or anything your address or wallet might get into the mix and that will obviously cost you a lot of money if you are keeping a substantial amount in your wallet. That's why, it's important to only use the assets that are being used for trading on a daily basis and keep others somewhere safe, maybe a hard wallet or something.
There have been several hacks and security breaches on exchange platforms in the past, and these things are happening more and more as we get into the future, the reason for that is obvious, hackers know that cryptocurrencies and trading are the hottest topics in the town right now, and if they get their hands into an exchange, they will surely get a good chunk from there.