Crypto Security Wahala: Off-Chain Bobo Ways and Old Audits Dey Cause Plenty Money Loss As Insider Threats Dey Rise

Wahala for security inside crypto industry dey grow, as Hacken, wey be blockchain security company, say say the ways dem dey use now no too strong, especially after dem hack almost $357 million in April – wey be like 990% increase from March. Even though dem don dey do beta things like quick-quick blacklist update for money wey dem thief, Hacken CEO, Dyma Budorin, warn say wetin crypto industry dey focus on, wey be on-chain security (like smart contract audit), too dey forget important off-chain protection. These audits fit quick-quick turn old as code dey change, wey dey put projects for constant risk if dem no dey monitor am steady, dey re-audit am often, and use automation tools like symbolic execution and fuzzing. Plus, many crypto projects and exchanges no get strong operational controls, like strong way to manage passwords, multi-factor authentication, and safe transaction processes. Big hacks, like Bybit wey lose $1.4–$1.5 billion because of multisig weakness and multi-million dollar social engineering attacks, show these faults. Wetin dey make the risks worse na lack of proper regulation and no clear transparency for tokenomics and how dem share team money, wey dey make insider threats and exit scams possible, like that $300 million LIBRA token rug pull. Hacken advise say make government check dem well-well, make dem get standard off-chain risk controls, and make dem compulsory dey reveal info to build trust and security. For traders and market people, the message clear: effective crypto security must mix technical audits with full off-chain measures. This complete approach very important to reduce how often and how much losses dey happen – and to protect the whole market.