The cryptocurrency industry is standing at a crucial juncture, experiencing both rapid growth and rising security challenges. As digital assets continue to go mainstream, cybercriminals are adopting newer and more effective techniques to attack everything from exchanges and wallets to decentralized finance (DeFi) protocols.
According to a recent Chainalysis report, over $ 1.7 billion worth of crypto assets were stolen in 2024, with North Korea-linked hacking groups among the most active perpetrators. The growing number of data breaches at large exchanges and decentralized finance (DeFi) projects, combined with an increase in phishing and SIM swap attacks, indicates that there is a high demand for increased security through a better and stronger backup (infrastructure) system, as well as implementing additional security tools (encryption).
