Decentralization Under Fire: Cetus Hack Raises Concerns Over DeFi Security

The cryptocurrency ecosystem is facing a double security threat that raises concerns about decentralization and evolving attack vectors. A recent hack of the decentralized exchange Cetus for $223 million exposed critical vulnerabilities in Web3 infrastructure, while scammers impersonating Ledger sent physical letters to users attempting to steal their private keys. The attacks have fueled debate over how to balance innovation with robust security protocols.