1. Growing Threat of Malicious Actors
2. Prioritizing Customer Safety
3. North Korean Cyber Threats

JP Richardson, CEO of the Exodus platform, stated at the Token2049 conference in Singapore that crypto companies must thoroughly review every piece of code to protect their platforms and users from cyber threats.

Growing Threat of Malicious Actors

Richardson's statements came amid an alarming increase in malicious actors infiltrating crypto companies. He noted that some bad actors secure jobs within these firms by posing as legitimate engineers to introduce malicious code. Richardson stressed that these actors are becoming more skilled at deceiving firms, making a robust review process essential.

Prioritizing Customer Safety

The Exodus CEO emphasized that the protection of customer data should always be the top priority for crypto companies. He noted that building a resilient operational system is the only way to ensure that even if malicious code is introduced, customer data remains secure. At Exodus, every code submission goes through a stringent review process, regardless of the source.

North Korean Cyber Threats

Richardson's comments align with a broader discussion in the crypto community about the rising threat of North Korean hackers. Recently, blockchain investigator ZachXBT uncovered a network of North Korean developers earning up to $500,000 monthly by infiltrating crypto projects. The FBI also warned crypto firms about these hackers targeting DeFi platforms and ETFs, highlighting the need for enhanced security measures.

Exodus CEO underscores that crypto companies should be more vigilant in code integration and employ strict review processes to protect against cyber threats.