This week was filled with significant events in the DeFi and crypto space. Our recap ensures you stay informed about the latest developments.
Bybit's Massive Hack and Its Impact
Bybit suffered a massive security breach, losing $1.4 billion in digital assets—the largest crypto hack ever. The hackers exploited a vulnerability during an Ethereum transfer from the exchange's cold wallet. Analysts have linked the attack to North Korea’s Lazarus Group, known for high-profile crypto thefts.
MetaMask's 2025 Roadmap
MetaMask is set to support Bitcoin (BTC) and Solana (SOL), expanding beyond Ethereum-based assets. Co-founder Dan Finlay announced the update at an industry event in Denver, including a redesigned mobile app, a MetaMask-linked Mastercard, and a gas-free transaction feature.
Uniswap Simplifies Crypto to Fiat
Uniswap has teamed up with Robinhood, MoonPay, and Transak to enable crypto-to-fiat withdrawals in over 180 countries. Users can now sell crypto and receive funds directly in their bank accounts. The feature, launched on February 27, is available on Uniswap’s mobile wallet, with web and browser support coming soon.
These stories highlight the dynamic changes and movements in the DeFi and crypto world. We will continue to monitor these developments and keep you updated on the latest news.
