Overview

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Hacks on DeFi targets and cross-chain bridges have driven a record-setting year for hacking activity in the cryptocurrency ecosystem, with over $3.6 billion in stolen funds through Keep reading to learn more about crypto hacking trends in 2025, the DPRK’s activities, and Hexagate’s use of machine learning models to proactively detect suspicious Crypto has a cross-chain payments problemand it needs to solve it, fast. That was made clear on June 23, when yet another so-called bridge protocol was hacked, with In a report earlier this week assessing the security vulnerabilities of cross-chain bridges, Chainalysis estimate that this type of hack accounts for 69% of all stolen crypto Crypto.com has been in the news over the past day owing to its recent $15 million hack. Such events usually tend to have a negative implication on the underlying asset's Wormhole, a popular multichain bridge was recently exploited for 120,000 wETH, approximately $320 million. This is the 2nd largest hack in the last year, where Poly

Post-Hack: On-Chain Prospects for Crypto.com and the Wider Crypto Landscape

The Crypto.com $15 million hack sent ripples through the cryptocurrency community. But what do the on-chain prospects look like in its aftermath, not just for Crypto.com, but for the broader DeFi ecosystem grappling with increasing threats?

The Alarming Rise of Crypto Hacking

Unfortunately, Crypto.com's experience is part of a larger, concerning trend. Hacks on DeFi targets and cross-chain bridges have driven a record-setting year for hacking activity. Over $3.6 billion in stolen funds highlight the urgent need for enhanced security measures. Keep reading to learn more about crypto hacking trends, the DPRK's activities, and how companies like Hexagate are leveraging machine learning models to proactively detect suspicious activity.

Cross-Chain Bridges: A Prime Target

A significant portion of these attacks target cross-chain bridges. As Chainalysis reports, this type of hack accounts for 69% of all stolen crypto. The Wormhole exploit, where 120,000 wETH (approximately $320 million) was stolen, exemplifies the vulnerability of these protocols and ranks as the 2nd largest hack in the last year, following Poly Network.

Crypto's Cross-Chain Payment Problem

Crypto has a cross-chain payments problem, and it needs to solve it fast. The June 23rd hack of another bridge protocol underscores the inherent risks associated with moving assets between blockchains. Until robust security solutions are implemented, these bridges remain a tempting target for malicious actors.

Impact on Crypto.com and the Market

The $15 million hack on Crypto.com initially had a negative implication on the underlying asset and user trust. However, the long-term impact depends on Crypto.com's response. Transparency, proactive security enhancements, and user compensation are crucial for rebuilding confidence. Such events usually tend to have a negative implication on the underlying asset's value in the short term.

Moving Forward: Security and Innovation

The future of on-chain prospects for Crypto.com and the wider crypto space hinges on prioritizing security alongside innovation. Better auditing practices, enhanced smart contract security, and proactive threat detection using technologies like machine learning are essential to mitigating future risks and fostering a safer environment for crypto users.

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