🚨 ALERT: In 2025, crypto hackers stole $3.4B, with nearly 70% of losses tied to three major hacks, including a $1.5B Bybit breach. https://t.co/xM2e6aXAJ7 ...

Crypto hacks hit $3.4 billion in 2025, attacks on individual wallets rise: Chainalysis https://t.co/oVuqExTtKz ...

Core Insights - Upbit, South Korea's largest crypto exchange, was hacked for $36 million shortly after Naver Financial's $10 billion acquisition of Dunamu, its operator [1][3] - Naver Financial's acquisition involves a $10.3 billion stock-swap deal, allowing it to acquire all of Dunamu's equity without cash payment [3] - The merger is projected to elevate Naver's fintech arm to a market value of $13.6 billion [4] Incident Details - Upbit confirmed an unauthorized withdrawal of Solana-based cryptocurrencies, including stablecoins, and has paused deposits and withdrawals [1][2] - Upbit will cover the entire amount lost in the hack from its own holdings, as stated by Dunamu's CEO [1] Industry Context - The hack at Upbit contributes to a record-setting year for crypto hacks, with total losses exceeding $2.4 billion, including a significant $1.5 billion hack of Bybit in February [5] - Established DeFi protocols, such as Balancer, have also faced security breaches, highlighting ongoing vulnerabilities in the crypto space [6]

Crypto Hacks Surge in August, $173M Lost in Exploits: CertiKVia Messari News API: https://t.co/bhs3bMkobu https://t.co/IUE78OIb1U ...

Crypto Hacks Are Rising: Here’s How To Safeguard Your Digital Assetshttps://t.co/fr79g4S3og https://t.co/3ivY0RgVtF ...

@Bybit_Official 4/ TRM Labs says North Korea was behind 35% of all crypto hacks in 2024—and this is a sign they aren't slowing down.As North Korean hacking units evolve, the burden remains on firms to strengthen internal checks, especially around hiring and access control. ...

Security & Vulnerabilities - Automated formal verification tool is proposed to ensure DApps security and expected behavior across all scenarios [1] - Current crypto solutions face bad press due to hacks and security vulnerabilities, hindering user adoption [2] - The proposed tool aims to enhance user safety and confidence in using crypto [2] Market Opportunity - There is a potential market for security-focused crypto solutions that address user concerns about hacks and vulnerabilities [2] - The industry needs solutions that provide a sense of safety and security to encourage wider adoption of crypto [2]