This week’s highlights focus on major events and innovations in the crypto and DeFi space. Here's an overview of the most important news, including the largest hack in history, updates from MetaMask, and Uniswap's transaction simplification.
The Biggest Bybit’s $1.4B Crypto Hack: How It Happened
On February 21, 2025, Bybit experienced a massive security breach, resulting in the loss of $1.4 billion worth of digital assets. Hackers exploited a vulnerability during an Ethereum (ETH) transfer from the exchange’s cold wallet. Blockchain analysts, including ZachXBT and Arkham Intelligence, linked the attack to North Korea’s Lazarus Group, known for high-profile crypto thefts.
MetaMask 2025 Roadmap Overview
MetaMask is expanding beyond Ethereum-based assets by adding support for Bitcoin (BTC) and Solana (SOL). Co-founder Dan Finlay announced this update at an industry event in Denver. The update includes a redesigned mobile app, a MetaMask-linked Mastercard, and a gas-free transaction feature.
Uniswap Simplifies Crypto-to-fiat Transactions
Uniswap has partnered 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 was launched on February 27 on Uniswap’s mobile wallet, with web support expected soon.
Major events continue to shape the dynamics of the crypto and DeFi market, from cyber attacks to innovative features and partnerships. Stay tuned for developments in these and other areas of digital finance.
