Experts from Chainalysis named key cybersecurity mistakes in cryptocurrency companies

Such platforms often face serious security threats. Private keys, deposit addresses and API keys remain the main vulnerable areas. Mistakes in the protection of these components can lead to major hacker attacks or funds leakage. Private keys are the main tool for accessing cryptoassets. Their theft through malware, hardware theft, or insider abuse is becoming a major threat. Modern solutions such as multi-party computing (MPC) provide a high level of security, minimizing risks through distributed key storage.

Deposit addresses are also vulnerable to attacks. Popular hacker methods include spoofing wallets through malicious browser extensions or manipulation during messenger exchanges. To prevent such attacks, companies use test transfers, address whitelists, and hardware storage.

API keys used to automate trades and transactions are also the focus of attackers. Hackers can use phishing, data theft or software hacking to gain unauthorized access. New security techniques, such as hardware chip-level isolation and HMAC-MPC algorithms, significantly reduce the risks. A key approach to security has been layered defense, which includes a combination of software and hardware solutions. Companies are implementing both technical measures and strict access policies to create a resilient and secure infrastructure. Against the backdrop of the growing number of cyberattacks and the increasing complexity of threats, the crypto industry is finding it particularly important to implement innovative technologies and continuous monitoring. This not only protects users’ assets, but also strengthens trust in platforms.