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

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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.

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


Source:CoinDesk

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Sourcehttps://www.coindesk.com/tech/2026/06/29/private-keys-not-smart-contracts-caused-40-of-crypto-s-usd16-billion-hack-losses-here-s-whats-being-done