Imagine having digital assets worth billions of dollars, but everything can change hands in just minutes. This is the dark side of the cryptocurrency world, once again in the spotlight after the Bybit hack on February 21, 2025. Around US$1.5 billion in crypto assets were stolen, making it one of the largest crypto thefts ever recorded. The FBI later linked the attack to a hacking group supported by North Korea.
More interesting: this theft isn’t just a matter of “crypto being less secure.” The case shows that even state-of-the-art blockchain technology can still be challenged by human weak points, software, custody systems, and transaction approval processes.
According to Chainalysis, in 2025 crypto theft reached about US$3.4 billion, with groups linked to North Korea stealing around US$2.02 billion.
The question now is: is crypto truly safe, or do we only feel safe because blockchain transactions look transparent?
For investors, cases like this should serve as a reminder that owning crypto is not just about chasing profits. Wallet security, private keys, 2FA, seed phrases, and choosing the platform are just as important as choosing the asset.
But there is a more controversial question:
If billions of dollars can be stolen from a platform like Bybit, is the real problem with the hacker, the crypto system, or the human tendency to trust platforms too much?
🔥 According to you, who is most responsible when crypto assets are lost due to hacking: investors, exchanges, system developers, or hackers?
Which crypto coins were stolen back then? Those who claim to be pro traders and long-time players in the crypto world must surely know which coins were stolen on bybyt back then 😁😄
Write your opinion in the comments. I want to see different perspectives.
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