This article explores the significant impact of smart contract vulnerabilities on crypto security, resulting in over $1 billion in losses since 2016. It discusses major breaches such as The DAO and Parity wallet hacks, emphasizing the need for robust security audits, particularly for privacy-focused cryptocurrencies like Zcash with its zero-knowledge encryption technology. The text also highlights centralized exchanges as critical failure points, with over $2.5 billion stolen in 2022, and suggests self-custody solutions through Zcash for enhanced security. Gate users trading ZEC must be aware of these security implications for market stability and investment viability. Keywords: smart contract vulnerabilities, crypto security, Zcash, audits, centralized exchange risks, Gate.
11/15/2025, 8:05:03 AM