CryptoPulse_GLBL

Autor: Climber, CryptoPulse Labs
Am 22. April zeigte die On-Chain-Daten, dass die Gesamt-Einlagen von Aave von einem Höchststand von 48,5 Milliarden Dollar auf 30,7 Milliarden Dollar gefallen sind. Etwa 15,1 Milliarden Dollar flossen in kurzer Zeit ab, wobei fast ein Drittel der Einlagen umverteilt wurde.
In der Zwischenzeit verließen die Gelder DeFi nicht; stattdessen wurden sie unter verschiedenen Lending-Protokollen umverteilt. Morpho verzeichnete einen Abfluss von etwa 1,5 Milliarden Dollar, während Spark dem Trend trotze und einen Abfluss von etwa 1,3 Milliarden Dollar erlebte und Gelder von Investoren wie Justin Sun und Walen aufnahm, die im Februar bedeutende Käufe tätigten.

Author: Climber, CryptoPulse Labs
In April of this year, the crypto industry suffered a series of major hacking attacks. At least 13 crypto protocols and platforms have been attacked to varying degrees, with total losses exceeding $600 million. The KelpDAO and Drift Protocol incidents alone resulted in losses exceeding $280 million each.
If we were to summarize the history of the crypto industry in one sentence, it would be quite straightforward: This is not an industry that gradually becomes more secure, but rather one that is constantly forced to upgrade by hackers.
From early exchange hacks to the collapse of DeFi cross-chain bridges, and now to the systemic fraud attack in the recent KelpDAO hack, almost every security evolution in the crypto world has stemmed from a larger hacking incident.

The following list of the top 10 crypto industry security breaches also demonstrates how hacking attacks have gradually changed the course of the entire crypto world.
I. Bybit (2025): The Collapse of the Multi-Signature Myth
The Bybit attack, occurring in 2025, is widely recognized as the largest single exchange hack in history, with losses estimated at $1.5 billion.
The most shocking aspect of this attack is not the amount, but the method.
The attackers did not break on-chain cryptography or directly compromise smart contracts. Instead, they penetrated the supply chain and interface layers, implanting visual deception into the multi-signature interface.
The signer saw a normal transfer request, but what was actually executed was a transfer to an address controlled by the hacker.
The entire process resembled a cognitive war rather than a traditional hacking attack. The industry significance of this event is very direct: multi-signature is no longer the ultimate security measure; the human user interface itself becomes the entry point for attacks.
II. Mt. Gox (2014): The First Collapse of Bitcoin Faith
Mt. Gox is a pivotal event that the entire crypto industry cannot ignore.
At the time, this exchange handled over 70% of global Bitcoin trading liquidity. The problem lay in its extremely weak internal security system. Private keys were stolen undetected for a long period, allowing funds to continuously drain away over several years.
This ultimately led to the theft of approximately 850,000 BTC, causing the platform to go bankrupt. The funds were worth about $450 million at the time; their current value is astronomical.
The collapse of Mt. Gox had a profound impact: for the first time, the crypto industry realized that exchanges did not equate to asset security.
Since then, cold wallets, multi-signature, and custodial segregation have become industry standards.
III. Coincheck (2018): The End of the Hot Wallet Era
The Coincheck incident occurred in Japan and was a classic example of a fundamental security failure.
The platform stored approximately $530 million worth of NEM tokens in hot wallets for an extended period without cold storage segregation or multi-layered access control. Attackers encountered almost no resistance after the intrusion and transferred the funds directly.
The entire process was less about technical countermeasures and more like a system management failure.
Following this incident, Japan's Financial Services Agency (FSA) quickly tightened regulations, requiring exchanges to increase their cold storage ratios and introduce asset auditing mechanisms.
The era of fully exposed hot wallets has thus come to an end.
IV. Ronin (2022): A Fatal Blow to the GameFi Financial System
Ronin is the core cross-chain network of the Axie Infinity ecosystem, carrying the entire GameFi economic system.
Attackers bypassed the cross-chain verification mechanism and directly transferred assets by controlling a majority of signature permissions on validator nodes. This resulted in a loss of approximately $625 million for the project.
The essence of this incident is not complex, but it exposed an extremely dangerous problem. Decentralization is vulnerable when verification power is concentrated in a few nodes.
Following Ronin, cross-chain bridges were officially included in the list of high-risk infrastructure.
V. Poly Network (2021): The Most Dramatic Return-Type Hack
The Poly Network incident is one of the most dramatic attacks in crypto history.
Attackers successfully transferred approximately $610 million in assets by exploiting a vulnerability in the cross-chain contract logic. However, after the incident, the hackers did not immediately cash out but instead publicly communicated the vulnerability issue on the chain and gradually returned the funds.
This behavior plunged the entire industry into a complex emotion: was it an attack or a security test?
Regardless of the motive, this incident revealed a fact: the complexity of cross-chain systems has exceeded the security verification capabilities of human intuition.
VI. BNB Chain (2022): An Emergency Suspension of the Chain-Level System
BNB Chain suffered a cross-chain bridge vulnerability attack in 2022, resulting in a loss of approximately $570 million.
The attackers exploited the verification mechanism vulnerability to mint assets in bulk and quickly transfer them. However, what truly sparked industry discussion was not the attack itself, but BNB Chain's response—a chain-level suspension.
This was the first time the crypto world publicly acknowledged that, in extreme situations, decentralized systems must introduce centralized stop-loss mechanisms.
This marked the industry's entry into a more realistic phase.
VII. FTX (2022): A System Collapse More Deadly Than a Hacker
The FTX incident was not a traditional hacking attack, but its impact far exceeded that of any single attack.
During the platform collapse, a large amount of user assets flowed out abnormally, the system completely lost control, ultimately causing losses exceeding $500 million and triggering a global trust crisis.
FTX's core problem wasn't technical, but structural, such as commingling of funds, unseen risks, and internal control failures.
This made the industry realize for the first time that the biggest risk might not be external attacks, but rather the system itself.
VIII. Wormhole (2022): A Structural Vulnerability in Cross-Chain Bridges
The Wormhole attack resulted in approximately $320 million in losses. The attack exploited a signature verification vulnerability to forge cross-chain messages, thereby minting assets.
The entire process wasn't cracked; it only exploited rule vulnerabilities.
This type of incident labeled cross-chain bridges as having the most easily underestimated attack surface in complex systems.
IX. KuCoin (2020): The Last Lesson of the Hot Wallet Era
The KuCoin exchange suffered an attack in 2020, with approximately $280 million in assets transferred out through the leakage of hot wallet private keys.
Although some assets were recovered, the incident spurred the development of on-chain tracking systems; for example, Chainalysis became a fundamental industry tool.
Since then, the inability to trace stolen assets has gradually become a thing of the past.
10. Kelp DAO + Drift Protocol (2025): The Era of Systemic Attacks
This round of events occurred at the DeFi composite protocol level.
Kelp DAO suffered from authorization vulnerabilities in liquidity staking and cross-protocol calls, leading to the reuse of assets. Drift Protocol, on the other hand, experienced oracle delays and liquidation mechanism amplification risks under extreme market conditions, resulting in a chain reaction of losses.
Both projects suffered losses exceeding $280 million each.
This type of event marks the arrival of a new phase, where the target is no longer a single protocol, but the interconnected structure of multiple protocols. This also signifies that DeFi protocols have entered an era of systemic attacks.
Conclusion: Hackers are actually invisible architects
Abstracting these events leads to a harsh but realistic conclusion: the security system of the crypto industry was not designed, but rather forced out by hacker attacks.
Every large-scale theft pushes the industry to add a new layer of protection. However, at the same time, new complexities create new attack methods.
But as blockchain technology systems become increasingly complex, does the original simple trust model of cryptography still exist?

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Das CLARITY-Gesetz ist ein Gesetzesvorschlag, der sich auf Kryptowährungen und digitale Vermögenswerte konzentriert und darauf abzielt, den regulatorischen Status digitaler Vermögenswerte innerhalb des US-Rechtsrahmens zu klären. Zu den wichtigsten Aspekten des Gesetzentwurfs gehört die Definition des Eigentums an verschiedenen Arten von digitalen Vermögenswerten und die Klarstellung des regulatorischen Rahmens von Aufsichtsbehörden wie der SEC, CFTC und FinCEN. Das Gesetz legt auch Compliance-Anforderungen für Krypto-Börsen, Wallet-Dienstanbieter und Fondsmanager fest, einschließlich Registrierung, Berichterstattung und Verpflichtungen zur Bekämpfung der Geldwäsche (AML), und etabliert einen regulatorischen Sandbox für innovative Projekte, um legitime Innovationen zu fördern.