Avoiding Seven Deadly Sins at Crypto Exchanges by Using Digital Trust

On 19th October in Dublin, at the ISACA Digital Trust World event, we, with Onur Korucu, were on stage for this presentation. In this blog, I will make a summary of my presentation…

We’ve titled our talk “Avoiding the Seven Deadly Sins in Crypto Exchanges with Digital Trust.” In this one-hour presentation, we’ll dive into how the digital trust framework created by ISACA can be adapted for crypto asset service providers and tackle the critical risks faced in business processes.

ISACA is a world-renowned organization that sets frameworks in information and technology. I should also mention that they’re leading architects of the digital trust concept. ISACA defines digital trust as confidence in the integrity of relationships between service providers and stakeholders within the digital ecosystem.

We all remember incidents like Mt. Gox, where in 2014, a cyber attack led to the theft of over 850,000 bitcoins, resulting in the dramatic downfall of Mt. Gox. Or the ongoing fraud cases at Thodex and FTX. Before these catastrophic events unfolded, hardly anyone was concerned about these companies, given their transaction volumes, digital assets, and market presence.