CoinGecko has overhauled its cybersecurity scoring for crypto exchanges, folding in Core3 infrastructure to produce a fresh set of ratings. The updated scores reveal significant vulnerabilities across the industry, and the data aggregator is now pressing exchanges to shore up their defenses and open up about their security practices.
What the new scores show
The revised system, built on Core3's infrastructure, gives a more detailed look at how exchanges handle security. While the announcement doesn't break down every flaw, it's clear that many platforms still have serious gaps. The message is blunt: the industry has a long way to go before users can feel confident their funds are safe.
CoinGecko's move comes as crypto traders increasingly worry about hacks and thefts. By updating the scoring, the company is trying to give users a clearer picture of where they're putting their money. But the findings aren't pretty. The update highlights that vulnerabilities are widespread, not isolated to a few bad actors.
Why transparency matters
Beyond the scores themselves, CoinGecko is making a broader argument. The company is urging exchanges to adopt stronger security measures and to be more transparent about their operations. The logic is simple: if users don't trust the platforms, they won't use them. And trust doesn't come from marketing — it comes from proof.
That means publishing audit results, disclosing past incidents, and being upfront about how funds are stored. The updated scoring is designed to reward exchanges that do this and penalize those that don't. It's a nudge, but a forceful one.
What users should take away
For the average crypto user, the updated scores are a practical tool. They offer a way to compare exchanges on security, not just on fees or trading volume. The hope is that by making vulnerabilities visible, exchanges will be motivated to fix them. But that only happens if users pay attention and act on the information.
CoinGecko's update is now live, and the ball is in the exchanges' court. Whether they respond with real changes or just PR spin is the open question. For now, the scores are a reminder that in crypto, security isn't optional — it's the whole game.
