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      CoinGecko Enhances Exchange Cybersecurity Scoring with CORE3 Framework

      CoinGecko has transitioned its centralized exchange Trust Score from the CER.live platform to a new risk intelligence tool called CORE3, developed by blockchain security firm Hacken. This update impacts the cybersecurity grading of 166 centralized exchanges, revealing concerning trends in the industry's security practices. Under the new evaluation framework, approximately 48% of the assessed exchanges lack basic security measures such as proof of reserves, penetration testing, and bug bounty programs, while only 5.2% meet all three criteria.

      The CORE3 framework introduces a Probability of Loss (PoL) model that assesses exchanges based on security, solvency, and transparency, with respective weights of 50%, 30%, and 20%. This marks a significant shift from the previous scoring system, which primarily focused on security metrics. The updated methodology reflects lessons learned from past exchange failures, emphasizing that technical security alone does not guarantee financial stability.

      CoinGecko's broader Trust Score incorporates the CORE3 cybersecurity assessment alongside other factors, including liquidity, regulation, and incident history. The updated scores will be reflected on CoinGecko's platform within 48 hours of any changes. The groundwork for this update was laid over the past year, culminating in the formal implementation of the new scoring system on September 2, 2026.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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