This week, the crypto market captured attention with innovations and incidents that significantly impacted the industry's future development.
The Largest Bybit $1.4B Hack
On February 21, 2025, Bybit exchange suffered a massive hack, leading to the theft of $1.4 billion in digital assets. Hackers exploited vulnerabilities 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 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 industry event in Denver. It includes a redesigned mobile app, a MetaMask-linked Mastercard, and a gas-free transaction feature.
Uniswap Simplifies Crypto-to-Fiat Transactions
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 and is available on Uniswap's mobile wallet, with web support coming soon.
The crypto industry continues to evolve with rapid changes and challenges. Staying informed is key to understanding future trends.
