From Cointelegraph

July 12, 2024 3:01 pm:

In a worrying trend, centralized exchanges have become a prime target for hackers, with losses increasing by a staggering 900% year-over-year.

These attacks on centralized exchanges have raised concerns about the security of user funds and the need for better protective measures.

Investors and traders are being urged to be cautious and consider using decentralized exchanges to minimize the risk of falling victim to hacking incidents.

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