Wall Street won’t buy ‘trustless’ security promises

What Happened

Crypto exchanges handle roughly $190-192 billion in daily trading volume, yet security remains weak despite regulatory pressure. In 2025, over $3 billion in assets were stolen, including major incidents at well-funded platforms. Industry experts argue exchanges treat security as marketing rather than operational discipline. Genuine security requires proof-of-reserves with independent verification, strict internal controls preventing single-person fund transfers, and rapid incident response capabilities.

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