This article delves into how smart contract vulnerabilities have severely impacted crypto security, resulting in over $2 billion in losses since 2017. It explores various attack types, such as access control flaws and reentrancy attacks, highlighting their financial implications and primary causes. Additionally, the piece reviews major incidents like the DAO and Poly Network hacks, which exposed critical security flaws in DeFi systems, urging the crypto industry to adopt robust security measures. Furthermore, it addresses how centralized exchanges, such as Gate, pose significant risks due to their custody of user funds, pointing to historical failures that underscore these vulnerabilities. The article aims to inform developers, investors, and security professionals about the evolving landscape of crypto threats and the necessity of proactive security strategies.
12/2/2025, 10:18:27 AM