Crypto hacks dropped by half in 2025, but the data reveals a much deadlier financial threat
This year’s defining security event was not a sophisticated DeFi exploit or a novel protocol failure, but the $1.46 billion theft from Bybit, a top-tier centralized exchange. That single event, attributed to sophisticated state-sponsored actors, rewrote the narrative of the year. It proved that while the frequency of attacks has dropped, the severity of
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