The security of centralized exchanges is under serious threat! Bybit just lost $1.4B in ETH to hackers, adding to the growing list of breached platforms.

Last year, BingX was hacked, but their quick response minimized the loss to $43M. WazirX also fell victim, losing over $200M. These attacks are becoming more frequent, raising concerns about the safety of user funds.

While Binance’s CZ and BingX’s Vivien have shown support for Bybit, it’s clear that exchanges need stronger security measures.

What do you think is the best way to stop these hacks?
Should CEXs adopt better security protocols, insurance funds, or stricter regulations? Let’s discuss!