Most crypto exchanges are vulnerable by design, says Bybit CEO

Cointelegraph

Published Sep 27, 2020 06:59PM ET

Updated Sep 27, 2020 08:40PM ET

Crypto exchange security is once again in the news after hackers breached KuCoin. But this shouldn’t surprise people as exchanges are vulnerable by design, according to Bybit CEO Ben Zhou.

Zhou told Cointelegraph that exchanges act as a single point of failure. As a centralized web application, exchanges are susceptible to the same security issues as all other websites.

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