COINDESK: BITCOIN, ETHEREUM, CRYPTO NEWS AND PRICE DATA·CRYPTO·
Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done.
As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The industry is moving toward fixing the private key vulnerability issue, just not evenly, Wish Wu, co-founder and CEO of Pharos, said.
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Private key vulnerabilities are responsible for 40% of the $16 billion lost to crypto hacks, rather than smart contract exploits. The cryptocurrency industry is beginning to address this critical security flaw. However, efforts to fix these private key issues are not being…
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