KuCoin. Photo by BeInCrypto Chainalysis reported that more than $2.17 billion in digital assets were stolen in the first half of 2025, with around 69% linked to incidents on centralized exchanges. After years of such incidents, the industry has learned the hard way that trust cannot be declared, but it must be proven. As regulatory scrutiny intensifies and institutional participants demand transparency, exchanges are beginning to embrace verifiable security models. This shift marks a move away from the “ ...