Over 70 percent of the leading cryptocurrency exchanges allow users to create accounts with weak passwords, a new study reveals. This leaves them exposed to financial theft due to unsafe password practices, the authors say. Less than half of the surveyed trading platforms provide password strength assessment tools. Also read: NEM Foundation Stops Tracking […]
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With so many new users flocking to cryptocurrency exchanges over the past year, it is evident that security practices need to be taken into account. Unfortunately, the vast majority of cryptocurrency exchange users still fail to generate proper passwords. This is mainly due to the exchanges themselves implementing poor password policies in general. Something will need to change in this regard, as the current situation is not viable in the long run. Cryptocurrency Exchanges and Password Policies Anyone who has ever used a cryptocurrency exchange will know that some platforms require strong passwords, whereas others do not. A recent study published by
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