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Are Decentralized Exchanges Vulnerable to Security Attacks?
Yes, DEXs can still be hacked, but it’s usually not as simple as hacking a centralized exchange.
The main difference is that decentralized exchanges don’t hold user funds in one central place. In most cases, users keep their crypto in their own wallets and trade directly from there. Because of that, hackers don’t get a single target with access to everyone’s assets like they would with a centralized exchange.
But that doesn’t mean DEXs are completely safe. Most problems happen because of smart contract bugs
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Sent 18 days ago
by henleyroyce85