Crypto institutions look beyond audits as trust signals falter: Hacken

60-second summary

Crypto institutions are reassessing traditional trust signals, such as audits, as their effectiveness falters. Instead, they're focusing on continuous monitoring, signer controls, and incident readiness to mitigate risks. This shift comes after operational failures accounted for the majority of crypto losses, totaling billions of dollars. The industry is adapting to evolving threats and vulnerabilities.