Crypto’s Security Tipping Point: How One Major Hack Could Shatter Market Confidence

Security experts sound the alarm—despite blockchain’s ’unhackable’ mythos, the next big breach might trigger a panic sell-off. CoinCover’s Anthony Yeung breaks down the industry’s fragile psychology.

The Illusion of Infallibility

Exchanges tout military-grade encryption, but users still lose $2B+ annually to exploits. Cold wallets? Not foolproof when social engineering enters the chat.

When Trust Crashes Faster Than LUNA

Remember Mt. Gox? Today’s trillion-dollar market would hemorrhage liquidity twice as fast after a comparable attack—especially with institutional money now at stake.

Regulators Circle Like Vultures

Each high-profile hack gives policymakers fresh ammo. ’Decentralized’ won’t save you when the SEC starts treating crypto like the Wild West it still resembles.

Bottom line: The space needs bulletproof custody solutions yesterday. Or as Yeung puts it: ’Wall Street built vaults before trading floors—maybe there’s a lesson there.’