Despite the $ 1.4 billion lost to the recent bybit hack, crypto companies have not changed their cybersecurity strategy, according to Hacken CEO Dyma Budorin.
In an interview with Cointelegraph in the event of Token2049 in Dubai, Budorin said the industry continues to rely on limited steps such as bug bounties and penetration tests, rather than implementing comprehensive, layered security techniques:
“Most of the projects are thinking, ‘Okay, we make pentests. Enough. Maybe bug bounty. That’s enough.’ This is not enough. “
He said crypto companies should exceed isolated security measures and adopt more layered techniques similar to traditional industries. This includes supply-chain security, operational security and security assessments that are definite blockchain.
“In large web2 companies, this is mandatory,” Budorin added.
Real-time blacklisting, one step forward
While crypto security techniques remained the same, post-hack security techniques moved slightly. Budorin told Cointelegraph that there were some improvements in the crypto space’s post-hack security responses.
“Maybe a little move from a post-hack strategy,” Budorin told Cointelegraph, pointing out how the firm chainalysis was introduced close to real-time blacklisting of stolen funds. The Executive said this little improvement was a step towards developing crypto security.
“This is great because, before, the chainalysis has been blacking for three days when the funds are moving. And it’s obviously nothing because the hackers have ample time launching, through exchanges, stolen money,” Budorin said.
In Feb. 21, the bybit hack Saw $ 1.4 billion in Crypto stolen by a safe weakness of the purse. It has been the biggest crypto hack in history. After the hack, the malicious actors Laundered 100% of stolen money In just 10 days.
While the faster balacklist is a good step forward, it still does not address deeper structural risks. “But in terms of practice, cybersecurity, nothing has changed,” Budorin told Cointelegraph.
Related: Bybit hacker launders 100% of the stolen $ 1.4B crypto in 10 days
Crypto losses near $ 360 million in April
In April 2025, Blockchain Security Firm reported Peckshield that the space had seen nearly $ 360 million in digital assets stolen from 18 hacking incidents.
April’s losses show an increase by 990% compared to March, when crypto disappears in hacks that reach nearly $ 33 million. The largest chunk of losses comes from a Bitcoin’s unauthorized transition.
On April 28, blockchain investigator Zachxbt filed a weak -moving moving $ 330 million to BTC. The investigator later confirmed that the move was a social engineering attack that targets an elderly individual in the United States.
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