Despite the $ 1.4 billion lost in the recent Bybit hack, cryptic companies have not changed their approach to cyber security, according to Hacken CEO DYMA Budorin.
In an interview with Cointelegraph at Token2049 -Event in Dubai, Budorin said the industry continues to rely on limited measures such as BUG paving and penetration tests instead of implementing comprehensive, layered security strategies:
“Most of the projects think,” okay, we did pentests. That’s enough. Maybe bug bounty. That’s enough. “That’s not enough.”
He said that cryptic companies should go beyond these isolated security measures and adopt more layered approaches similar to those from traditional industries. These include supply chain security, operational security and blockchain-specific security assessments.
“In Big Web2 companies, this is mandatory,” Budorin added.
Real -time blacklist, one step forward
While crypto security methods remained the same, post-hack security methods changed slightly. Budorin told Cointelegraph that there were some improvements in Crypto Space’s Post-Hack security response.
“Maybe a small shift from a post-hack approach,” Budorin Cointelegraph said, pointing to how the security company Chainalysis introduced near real-time blacklisting of stolen funds. The director said this little improvement is a step towards progress in crypto security.
“This is great because Chainalysis was previously blacklisting within three days when the funds were moving. And it is obviously nothing because hackers had enough time to launder through exchanges, the stolen money,” Budorin said.
On February 21, Bybit Hack experienced $ 1.4 billion in crypto stolen through a safe wallet vulnerability. This became the biggest cryptohack in history. After hacked, the malicious actors laundered 100% of the stolen money in just 10 days.
While faster blacklist is a good step forward, it still does not address the deeper structural risks. “But in terms of practice, cyber security, nothing changed,” Budorin told CointeleGraph.
Related: BYBIT HACKER LAUNDER 100% OF STEARED $ 1.4B CRYPTO IN 10 DAYS
Crypto -Tab near $ 360 million in April
In April 2025, the blockchain security company Peckshield reported that the space saw almost $ 360 million in digital assets stolen over 18 hacking events.
April Loss shows an increase of 990% compared to March when Crypto lost against hacks a total of about $ 33 million. Most of the losses came from an unauthorized Bitcoin transfer.
On April 28, the Blockchain investigator Zachxbt marked a suspicious transfer of $ 330 million in BTC. The investigator later confirmed that the transfer was a social engineering attack that was targeting an elderly individual in the United States.
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