Private keys, not smart contracts, caused 40% of crypto's $16 billion hack losses. Here's whats being done.

The industry is moving toward fixing the private key vulnerability issue, just not evenly, Wish Wu, co-founder and CEO of Pharos, said.

CoinDesk

Contributor

Jun 29, 2026

1 min read

Photo illustration / STKR News

The industry is moving toward fixing the private key vulnerability issue, just not evenly, Wish Wu, co-founder and CEO of Pharos, said.

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