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CoinPulse AU
30 June 2026AI summary

Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done.

AI-summarised from reporting by CoinDesk. How we use AI.

Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done.

The industry is moving toward fixing the private key vulnerability issue, just not evenly, Wish Wu, co-founder and CEO of Pharos, said.

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About this article: this is an AI-generated summary of reporting by CoinDesk. It has not been reviewed by a human editor. We use AI to localise crypto news for Australian readers, and we link back to the original source so you can verify the facts.

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