Definition
Exchange security encompasses technical and operational measures protecting cryptocurrency exchange hot wallets, backend authorization systems, and user funds.
Key Points
- 2026-09-24: Bitget $387.5M breach via backend transaction spoofing — private keys not compromised (2026-09-25-bitget-387m-hot-wallet-hack)
- Hot/warm wallet architecture risks vs cold storage
- User protection funds as loss socialization mechanism