Cryptocurrency exchanges implement multiple security measures to protect user funds, including:
Encryption Techniques: Protecting sensitive data and transaction information from unauthorized access.
Multi-Signature Wallets: Requiring multiple keys to authorize transactions, adding an extra layer of security.
Cold Storage: Storing the majority of funds in offline, secure environments to safeguard against online threats.
DDoS Protection: Preventing Distributed Denial of Service attacks that could disrupt operations.
Regular Security Audits: Conducting periodic audits to identify and rectify vulnerabilities.