A significant shock happened on February 22, 2025, to the crypto industry; the largest exchange hack in history took place. Bybit, a crypto exchange, suffered a staggering $1.5 billion breach at the hands of the notorious Lazarus Group, a cybercrime syndicate linked to North Korea. This is just the latest in a long line of high-profile crypto heists. In 2021, hackers drained $610 million from Poly Network. In 2022, the Ronin Network attack saw $540 million in cryptocurrencies vanish. The list of cyberattacks in the crypto industry is extensive, leaving many to wonder:

Why don’t similar hacks occur on traditional stock exchanges like the NYSE, NASDAQ, BSE, or NSE? These exchanges handle assets worth trillions of dollars—far more…