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Why Are Crypto Projects Increasingly Using Bug Bounties?
Crypto projects can spend heavily on audits and security infrastructure, but even audited code can contain vulnerabilities. Bug bounty programmes offer another layer of protection by financially rewarding security researchers who identify flaws before attackers can exploit them. For crypto projects handling large amounts of user funds, this can be particularly important because a single smart-contract vulnerability can have serious consequences. A well-designed bounty programme can also demonstrate that a project is willing to have its technology tested by independent researchers. Should investors consider the presence and size of a bug bounty when evaluating how seriously a crypto project takes security?
Crypto Frauds and Hacks: Can the Industry Ever Stay Ahead?
Crypto frauds and hacks continue to challenge the industry, despite significant improvements in blockchain security. A recent report revealed that Q2 2026 recorded 83 crypto hacks, making it the most-exploited quarter on record, as attackers targeted DeFi protocols, smart contracts, bridges, and user wallets. Security measures such as audits, bug bounty programmes, and AI-powered threat detection have become more common, yet cybercriminals continue to adapt. As the crypto ecosystem grows, can innovation outpace increasingly sophisticated attacks, or will security always remain the industry's biggest challenge?
DeFi Hacks: Can the Industry Ever Become Truly Secure?
Q2 2026 witnessed one of the highest numbers of DeFi exploits on record, with hackers continuing to target bridges, smart contracts, and protocol vulnerabilities. While security audits and bug bounty programmes have improved over the years, billions of dollars have still been lost to DeFi hacks. Is this simply the cost of building an open financial system, or does the industry need to rethink how decentralised applications are secured?