The Bybit breach marked a significant moment in crypto history, stealing over 1.4 billion USD. With more than 2.1 billion USD lost to hacks in early 2025, both centralized exchanges and DeFi platforms must urgently strengthen their security measures.
To fend off hackers, it is imperative for centralized exchanges to innovate transaction signing processes and for DeFi protocols to ensure robust defenses against illicit transactions. This collaboration is essential to restore user confidence in the crypto space.
As DeFi platforms continue to grow, self-regulation becomes vital to build trust amidst hacking incidents. Establishing shared security standards can help maintain both freedom and accountability in decentralized finance, safeguarding the industry’s future.
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