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Crypto Weekly Hack Report: Why Multi-Factor Authentication Is Crucial in 2024

  • The cryptocurrency industry has experienced significant cybersecurity threats.
  • DMM Bitcoin, a Japanese crypto exchange, suffered a security breach and lost $320 million.
  • Coins.ph, a Filipino cryptocurrency exchange, faced a social media hack but took quick action.
  • Other smaller attacks occurred, highlighting the importance of multi-factor authentication and staying updated on security risks.

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