A recent report from Cer Live, a crypto exchange ranking platform, indicated that 14 of the top 25 decentralized exchanges, or DEXs, scored poorly in terms of cybersecurity.
The report looked at a variety of unique problems that most DEXs face, including fake token listings, the prevalence of slippage, delays in transaction confirmation, and a lack of data about listed trading pairs. They also looked at whether each exchange had undergone security audits, offered bounties to incentivize the public discovery of bugs, ensured adequate end-to-end security, and more.