Скачать или смотреть How Crypto Security Fails: The $600M Hack, Preventable Losses & Satorno’s Full-Stack Solution

How Crypto Security Fails: The $600M Hack, Preventable Losses & Satorno’s Full-Stack Solution

In 2024 alone, over $2 billion was lost to crypto hacks and exploits, with centralized exchanges being the primary target. From $600 million lost in the Ronin hack to $300 million lost in the Wormhole hack, the crypto space is facing a crisis. But the uncomfortable truth is that many of these hacks were preventable.

This video dives into why crypto security is lagging behind, why the "move fast and break things" mentality is harmful, and how Satorno's full-stack security platform is working to prevent these types of losses before they happen.

00:00:00 - 00:00:32
$600 million gone, millions stolen, accounts drained in seconds. This is the real cost of moving fast in crypto, where security lags behind. In 2024 alone, Derine lost over $2 billion to hacks and exploit. Most of those losses came from centralized exchanges, not defied sales. Salana stands out.


00:00:29 - 00:01:32
Fewer incidents, faster recovery, and improving security. Crypton doesn't have a growth problem. It has a security problem. The uncomfortable truth. Many of these hacks were preventable. That's where Satorno comes in. A full stack web security platform. Dains like amino squad and fen or ready suburo hutra was founded by pioneers in felbert program verification they sat on billions across niko l de and coin leaf now that f security expertise have come into salana most protocols don't treat security as a one-time audit Before launch back model is broken.


00:01:32 - 00:02:10
Security must be continuous from first code to main met to long-term monitoring. Sattorra embeds security at every stage not after funds are gone and mistakes are lengthening fast on Fana. Salan or Dside PDR doubled in a year from seven to over 13 billion. Meanwhile, tech level hackers store over 1 billion ger of last year.


00:02:10 - 00:02:37
Move fast and drag pings known on the work in finance. Ronin not 600 million. One were not 300 million. These were hair users realwi and permanent damage.

💡 Key Takeaways:

Satorno provides a full-stack security solution that integrates security measures throughout the development process. This ensures that security isn't just a one-time audit but a continuous process.

Solana has made significant strides in terms of security and decentralization, with fewer incidents and faster recovery times than other platforms.

Formal verification is an essential tool for preventing exploits in smart contracts, offering mathematically proven behavior and reliability.

The "move fast and break things" mentality in the crypto industry has led to massive security breaches and preventable losses. It's time for crypto projects to adopt a more secure and proactive approach to security.

Satorno’s Full-Stack Solution

Satorno is a web security platform designed to address the complex security challenges faced by crypto protocols and exchanges. Their holistic approach embeds security at every stage of development, from the first line of code through to post-launch monitoring. With Satorno, crypto projects can prevent losses before they occur and ensure that their security systems are always one step ahead of potential threats.

Real-World Application: Preventing Crypto Losses

Security breaches can cost users millions, as we’ve seen with incidents like the Ronin hack and Wormhole hack. The Satorno platform aims to proactively protect funds by embedding security throughout the entire process, reducing the likelihood of an exploit. By embedding security measures into the core development stages, Satorno is helping to set new standards in the crypto industry for safe and secure protocol development.

🎯 Stay tuned for more insights into crypto security, how to protect your assets, and trends in blockchain development. Don’t forget to subscribe to keep up with the latest updates

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