lmfao imagine losing $1.4 billion to North Korean cybercriminals and still thinking crypto is a safe space?! cope harder, Orest Gavryliak, we're all just degen gamblers in this rigged casino anyway
Opinion by: Orest Gavryliak, chief leader, 1inch labs
Bybit's February breach set a record for the largest hack in cryptography history. Over $1.4 billion was swiftly stolen by North Korean cybercriminals, creating a global uproar. Trm Labs now reports $2.1 billion lost to attacks in the first half of 2025, highlighting ongoing vulnerabilities. Centralized exchanges and Defi protocols must enhance security measures to thwart hackers' increasingly sophisticated tactics. CEX platforms need transaction verification reforms, while Defi must fortify defenses against illicit fund movements. Strengthening risk management and collaborative efforts are vital for the industry's future.
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