This week, the DeFi and crypto industry made headlines with key events you couldn't afford to miss. In this recap, we summarize the most significant news to keep you informed about the latest happenings.
The Biggest Bybit’s Hack: How It Happened
On February 21, 2025, Bybit suffered the largest hack in history, losing $1.4 billion in digital assets. Hackers exploited a vulnerability during an Ethereum transfer from the exchange’s cold wallet. Analysts from firms like ZachXBT and Arkham Intelligence have linked the attack to North Korea’s Lazarus Group, known for high-profile crypto thefts.
MetaMask 2025 Roadmap Announced
MetaMask plans to support Bitcoin and Solana, expanding beyond its Ethereum-based assets. Co-founder Dan Finlay announced the updates 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 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. This feature is available on Uniswap’s mobile wallet, with web and browser support coming soon.
This week was full of important developments in the DeFi and crypto sector. From hacks on major exchanges to innovative updates from popular wallets, these events highlight the rapid technological advancements and increased security demands in the industry.
