Crypto Suffers Brutal Start to 2025
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The crypto universe has undergone a financial earthquake. In the first quarter of 2025, hackers siphoned off $1.63 billion, shattering all records. A staggering figure, boosted by the titanic attack on Bybit, which alone accounts for 92% of the losses. But behind these brutal statistics lie more nuanced realities: exploited flaws, vulnerable ecosystems, and fragile resilience. A deep dive into the bowels of a crisis that shakes the foundations of decentralization.
The Sledgehammer Blow
The attack on Bybit, in February 2025, acted like a detonation. With $1.53 billion…
