Terra’s meltdown highlights benefits of CEX risk-management systems

Terra’s meltdown highlights benefits of CEX risk-management systems

The Terra collapse demonstrates why crypto exchanges need advanced risk management systems — especially when providing access to DeFi protocols offering favorable yields. The collapse of Terra’s ecosystem — namely, native coin LUNA and algorithmic stablecoin TerraUSD (UST) — rocked the wider blockchain and cryptocurrency ecosystem. Not only did Terra-ecosystem tokens (such as Anchor’s ANC) collapse in value, but the widespread fear, uncertainty and doubt sent market-leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) below $27,000 and $1,800, respectively, on some exchanges.As of the....

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A Fraud Risk Management Framework For The Bitcoin Ecosystem

As fraudsters exploit attack vectors that enable bitcoin double spends, merchants should be aware of options to mitigate their risk. The post A Fraud Risk Management Framework For The Bitcoin Ecosystem appeared first on Bitcoin Magazine.