Crypto Vulnerabilities Exposed by Recent Hacks

These crises unveil persistent weaknesses within the cryptocurrency sector. Centralized exchanges such as Mt. Gox are frequently vulnerable due to poor key management practices, insufficient security audits, and reliance on single points of failure, which make them attractive targets for hackers. Meanwhile, DeFi platforms that depend on smart contracts face risks related to code flaws, including reentrancy, logical errors, and flash loan exploits. Cross-chain bridges, which enable interoperability among different blockchains, have become a notable weak spot owing to their complex code structures and dependence on trusted validators. Furthermore, social engineering and phishing attacks, exemplified by the Ronin breach, take advantage of human vulnerabilities, effectively bypassing technical security measures.