The crypto sector has matured a lot, but hacks still happen.
With hacks still happening periodically in the crypto space, is it safe for institutional investors to come in? I spoke to Chen Arad, co-founder and chief-experience officer at Solidus Labs, a crypto risk surveillance company.Crypto hacks and institutional adoption “Are we ready for institutions? Just looking at everything that happened, probably the answer is no,” Arad told Distributed Ledger in an interview. “But the map comes with the territory.
Arad said for the past several years, he has seen constant improvement of security in the crypto space.Investors are learnings to put their assets into platforms that are more tested and regulated, while crypto projects are bringing in new solutions, according to Arad. Bitcoin has been stuck under $30,000 for the past few weeks, but a past catalyst for its rally might not work this time, Kaiko Research said on Monday.