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
Let's not say "nowhere" because that makes it sound like it would be impossible to make any type of money and I do not mean that, I think there are few places that are safe. But, the real trouble is you do not know which ones are the safe ones until it gets tested and if you are right then you will not have any trouble, if you are wrong then you will face some trouble.
For example not a lot of people knew that FTX would crash before it crashed, they learned it wasn't a safe place after that it was hacked or bankrupted or whatever happened to it. It doesn't even have to be companies, coins are the same way as well, look at what happened to Luna, do you really think that people knew what happened was a possibility before it happened?
You've just illuminated the harsh realities of investing in cryptocurrencies. Is everything really sunshine and rainbows? Coins and platforms? They do not stay. Security? Its a transient idea. Before everything became gloomy, people were praising FTX. How about Luna? Another sad story in the history of cryptocurrency. Individuals frequently have rose-colored glasses on, yet the truth can and frequently does bite. Rigid. So, even if some areas might appear safe right now, things could change tomorrow. Isnt that the essence, then? Sorting the real from the dangerous, but it may be too late by the time you make that determination. Every single time, that's the risk.