After the Binance hack and three follow-up strikes, there is no single "safe" place for your crypto. The attacks targeted the trusted layers around blockchains, not the blockchains themselves.
Mercado Bitcoin suspended deposits and withdrawals after losing over $40 million across ten chains. BTCPay Server had hot wallets drained on older installations. A WordPress crypto payment plugin was under active attack with no patch available.
The entry point was rarely cryptography. Binance traced its breach to a compromised engineer's laptop. Polymarket lost $2.7 million through a compromised third-party provider. Twelve DeFi sites were hijacked via a shared domain registrar.
Phishing and wallet drainers top the risk list, followed by lost seed phrases, then exchange failures, then bridge exploits. Quantum is at the bottom.
Moving coins off exchanges removes counterparty risk but adds supply-chain risk. Hardware wallet attacks this year involved compromised devices.
Mercado Bitcoin suspended deposits and withdrawals after losing over $40 million across ten chains. BTCPay Server had hot wallets drained on older installations. A WordPress crypto payment plugin was under active attack with no patch available.
The entry point was rarely cryptography. Binance traced its breach to a compromised engineer's laptop. Polymarket lost $2.7 million through a compromised third-party provider. Twelve DeFi sites were hijacked via a shared domain registrar.
Phishing and wallet drainers top the risk list, followed by lost seed phrases, then exchange failures, then bridge exploits. Quantum is at the bottom.
Moving coins off exchanges removes counterparty risk but adds supply-chain risk. Hardware wallet attacks this year involved compromised devices.