This week was eventful in the DeFi and cryptocurrency space. The review covers significant events and trends, from the largest crypto hack at Bybit to new industry partnerships.
The Biggest Bybit’s $1.4B Crypto Hack: How It Happened & What’s Next
On February 21, 2025, Bybit faced the largest crypto hack in history, losing $1.4 billion in digital assets. Hackers exploited a vulnerability during an Ethereum (ETH) transfer from the cold wallet. Blockchain analysts like ZachXBT and Arkham Intelligence linked the attack to North Korea's Lazarus Group, famed for high-profile crypto thefts.
MetaMask 2025 Roadmap Overview
MetaMask is set to support Bitcoin (BTC) and Solana (SOL), expanding beyond Ethereum-based assets. Co-founder Dan Finlay announced the update at an event in Denver, featuring a redesigned mobile app, a linked Mastercard, and a gas-free transaction feature.
Uniswap Simplifies Crypto-to-fiat Transactions With New Feature
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 currently available on Uniswap’s mobile wallet.
This dynamic week in the crypto and DeFi world highlights the crucial role of security and innovation, with key events like Bybit's major hack, MetaMask's expansion, and Uniswap's new features.
