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 the damage has escalated to systemic levels.
Data from blockchain security firm SlowMist paints a picture of an industry under siege by professionalized,…
