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Fri Aug 30 2024
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6 answers
1426
Can arbitration protect a cryptocurrency exchange from a crypto theft hack?
Can arbitration really offer a cryptocurrency exchange a safeguard against the devastating consequences of a crypto theft hack? It's a question that many in the industry are asking, given the increasing frequency and sophistication of these attacks. While arbitration can certainly provide a means of resolving disputes and seeking compensation after a hack, can it truly prevent such an event from occurring in the first place? And if not, what other measures should exchanges take to protect their users and their own assets from these growing threats?
