CertiK urges hard dollar caps on crypto exchange hot wallets
In short
CertiK says crypto exchanges should set hard dollar limits on hot wallets. It told Cointelegraph that cold storage helps, but it is not enough on its own.
The point is to reduce risk in wallets that stay online.
What the reporting says
CertiK told Cointelegraph that crypto exchanges need hard dollar caps on hot wallets, arguing that cold storage alone is not a complete security measure. The cybersecurity firm's warning focuses on how exchanges manage online exposure and wallet risk.
Why it matters
CertiK is calling for hard dollar caps on hot wallets used by crypto exchanges, and it told Cointelegraph that cold storage is not a standalone security score. The warning is about exchange security and online exposure in the crypto market. No specific exchange, breach, or cap size is given, so the impact is a general security recommendation for crypto platforms.