This week, several significant developments occurred in the world of DeFi and cryptocurrency. From the biggest hack on Bybit to MetaMask's roadmap updates and Uniswap's new feature, read all about it in our recap.
The Biggest Bybit’s Crypto Hack: How It Happened & What’s Next
On February 21, 2025, the cryptocurrency exchange Bybit suffered a major security breach, losing $1.4 billion in digital assets. Hackers exploited vulnerabilities during an Ethereum (ETH) transaction from the exchange’s cold wallet. Analysts such as ZachXBT and Arkham Intelligence have linked the attack to North Korea's Lazarus Group, known for its high-profile crypto thefts.
MetaMask 2025 Roadmap Overview
MetaMask is set to expand its support to Bitcoin (BTC) and Solana (SOL), moving beyond Ethereum-based assets. Co-founder Dan Finlay announced these updates at an industry event in Denver, introducing a redesigned mobile app, a MetaMask-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, with web and browser support coming soon.
The week has been eventful in the DeFi and crypto worlds. From severe breaches to significant updates in well-known apps and platforms, the industry continues to rapidly evolve, presenting both new opportunities and challenges.
