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14 out of 25 decentralized exchanges, or DEXs, rating poorly by way of cybersecurity, in response to a current report.
CER’s standards included a number of elements equivalent to whether or not a DEX underwent safety audit, the supply of bug bounties and if it had correct SSL/TLS certificates. CER deemed any rating under 6 as “low” and, thus, “not protected.” Solely two of the DEXs acquired a “excessive” rating: Uniswap and Syntetyx.
“You will need to notice that 6 exchanges (24%) didn’t go a safety audit or didn’t publicly announce that they’ve undergone an audit. It needs to be famous that an unaudited change can’t be thought of protected.”
A few of the 25 exchanges used particular person researchers relatively than corporations — a observe that the report’s authors strongly discouraged. Remarking on the unimaginable development of DeFi in the previous few months, the researchers concluded that DEX customers are extra uncovered to fraud than hacks:
“Even though there haven’t been any vital hacks on decentralized exchanges compared to centralized platforms, DEX customers are literally extra vulnerable to fraudulent assaults.”
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