What were the security measures implemented by crypto exchanges in 2017?

1 answers

• SKN IOT TECHNOLOGYJul 20, 2023 · 2 years ago
  To enhance security in 2017, crypto exchanges implemented a range of measures. One of the key measures was the implementation of multi-factor authentication (MFA), which required users to provide multiple forms of verification, such as a password and a unique code sent to their email or mobile device. This added an extra layer of security and reduced the risk of unauthorized access. Exchanges also implemented strict withdrawal limits and transaction monitoring systems to detect and prevent any suspicious activities. Additionally, many exchanges partnered with reputable cybersecurity firms to conduct regular security audits and ensure the integrity of their systems. These measures collectively improved the security of crypto exchanges and protected user funds from potential threats.
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