As crypto continues to maneuver into the mainstream, so too do the threats surrounding it.
Talking on the Trustless by Design convention in Prague – an unique occasion the place BitDegree was invited as a particular visitor – Matěj Žák, CEO of Trezor, drew consideration to an unsettling actuality: the crypto trade’s success attracts more and more refined hackers.
“Only in the near past we skilled the Bitcoin
$108,226.33
all-time excessive. However hackers had their all-time excessive as effectively,” he remarked throughout his keynote.
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One of the crucial hanging examples, Žák famous, was the Bybit
$5.02B
hack, which happened in February 2025. In was one of many largest crypto thefts in historical past, the place hackers linked to North Korea stole round $1.5 billion price of Ethereum
$3,842.20
from the Bybit crypto trade.
He stated that the size of the theft exemplifies how centralized exchanges have grow to be “large moneypots” for cybercriminals, and that the menace is not going away anytime quickly:
Safety is a transferring goal.
Žák’s message was that so long as giant sums of digital belongings stay concentrated in centralized techniques, hackers will proceed to seek out methods to take advantage of weaknesses. As an answer, he urged customers to embrace self-custody and retailer their digital belongings in {hardware} wallets quite than on exchanges.
To that finish, Žák concluded his handle by saying the Trezor Protected 7, the corporate’s most superior {hardware} pockets but. What’s particular about this pockets? Learn the complete story right here.
