Bybit Crypto Hack The Future? Depin seems to make the web3 much safer

Bybit’s hacking has sent shock waves through the global digital finance community that again shines on the central security of crypto exchanges. The turning of ethn of $ 1.4 billion is the largest cryptographic flight of all time, architects by the North Korean Lazarus groupAnd seems to be the greatest flight of all kinds in history.

Piracy quickly comes to the back of the cryptography industry celebrating the presidency of the newly installed Trump and the commitment of the administration to make America the world capital of the crypto with a new decree “Strengthen American leadership in digital financial technology” Executive decree, a deluge of new appointments and talk about a Bitcoin strategic reserve.

Piracy is likely to reduce consumer confidence in crypto and will raise other questions by political decision -makers wishing to slow down digital financing technologies. Bitcoin has decreased at less than $ 88,000 while wiping its election earnings. Bybit’s hacking pursues a trend that saw $ 2.36 billion lost in 2024 on 760 web project security incidents according to a Certik Hack3D report.

What is important for citizens, businesses, decision -makers and regulators to understand is that the hacking is the result of a human error, and has nothing to do with crypto or blockchain technology in itself – just like the bankruptcy of the FTX was the result of human fraud, and not the weaknesses of new digital technologies.

Bybit was violated by a sophisticated phishing Hack, deceiving human signature agents who all needed to authorize the fraudulent transfer of cryptocurrency from the digital portfolio of Bybit to the digital portfolio of the Lazare group, although a function known as “Multisig wallets“For their requirements for several signatures to allow a transaction.

It was achieved by “User interface usurpation“, Replacement of the regular bybit user interface with a false and clearly convincing fraudulent user interface which deceived the remedy signatories who thought to authorize a” as usual “transfer of cryptocurrency. This type of human hacking demonstrates the centralized security risk on the web now and in the future.

The bad news is that centralized platforms and their security systems are based on human confidence, which makes them more predictable and lucrative targets for cybercriminals because they are unique failure and access to cybercriminals with technological platforms and ecosystems.

The good news for the community of digital web3 assets is that Decentralized physical infrastructure networks (Depins) are considerably improved solutions to centralized cybersecurity threats by distributing confidence and validation and seem to be a major growth field for the digital finance sector in web3.

Depines transform a range of industries that depend on centralized governance and physical infrastructure management. Currently evaluated at $ 29 billion with a daily negotiation volume with an average of $ 2.18 billion, depins are already relatively well established and their growth potential, such as Bitcoin price forecasts, is optimistic.

In his Digital asset reportThe asset manager Franklin Templeton makes the daring prediction that the coming year will see a significant change in the cryptography sector far from focusing on trading in the development of real world applications. The market as a whole, outside the parts, will develop considerably motivated by public services and digital assets, according to Franklin Templeton, will become an essential element of finance and global operations.

David Carvalho, founder and CEO of Naoris protocolA decentralized post-quantum decentralized security leader, believes that Depin could have prevented relay hacking, declaring: “No system is infallible, but the nodes of decentralized validator in depths automatically detect abnormal user behavior or compromise devices and isolate threats while continuously checking transaction interfaces cryptographically.

“The certificate of the distributed code at Depins guarantees that only the intelligent verified contracts which prevent unauthorized transactions and hackers.”

Deprages opportunities and challenges

In his Report of the state of Depin 2024Crypto Analytics and Research Firm Messari estimates that 13 million aircraft contribute to depths every day and 20 depin projects have more than 100,000 active nodes with five with more than a million.

The report estimates that the Depoline Addressable Market is 2.2 billions of dollars and could reach 3.5 billions of dollars by 2028, but that maintenance projects currently represent only less than 0.1% of these addressed markets.

Growth forecasts for the next decade for the sector vary from 100x to 1,000x and although a significant gap is a good indicator that there is an increasing interest in growing investments in the backdrop.

Research for the exchange of Bitrue crypto Estimates of more than $ 246 million were invested by venture capital companies in 70 depolition projects last year. A company, Capital without bordersInvested in 17 projects worth 8.9 billion dollars.

HeliumOne of the most well -known aid projects in action should have attracted a billion dollars in investment for its decentralized wireless network which provides connectivity to the Internet of Objects. The decentralized infrastructure reduces the need for major telecommunications investments.

The investment world for Depin goes beyond venture capital companies. The Hedge Funds Crypto, including EV3 Liquids, Modular and Pantera, have invested directly in projects. Messari’s report concludes that “Depin is an inevitable world movement” a fairly strong analyst prediction.

Some analysts argue that the development of quantum IT will be a problem for almost all digital systems. Cryptographic encryption protocols will have to be upgraded, as are any system using encryption.

Policy policy and regulation is currently pretty thin on the ground, and Aaron Basi, product manager at Iotex Said: “The development of a robust regulatory framework for backdrop is essential to unlock its potential as a transformative force in technology and infrastructure. The regulators must adopt a nuanced approach which addresses the complexities of the hybrid purposes of a backdrop. »»

The technology behind Depin must be robust, but above all, users of the real world must adopt the technology.

The Web3 opportunity for a depth

Web3 development focuses on solutions that aim to decentralize systems and give power to individuals. He has not yet struck the dominant current, but the potential to support Depin is there.

Alireza Ghods, CEO and co-founder of NatixSaid: “Travel to traditional adoption of aid and web3 does not concern flashy technology or complex innovations that only a few privileged people can understand. It is a question of taking what already exists – whether smartphones, user habits or daily problems – and make it better, more accessible and more precious thanks to the power of crypto and decentralization. »»

New research Developers in the United States, the United Kingdom, the European Union and APAC by the Naoris Protocol revealed that 95% claiming that they have seen an increase in malware attacks in the past two years, while 85% report an increase in phishing attacks, 85% of the increase in DDOS attacks and 81% of an increase in ransom incidents.

The developers expect the average cost of data violations to reach $ 5.3 million in the five years. Almost all believe that the cost will continue to increase.

While being concerned about data violations and cyber attacks that the developers have also questioned that the increased use of AI and Metaverse will be a contributor to the increase in costs. They are also suitable that quantum IT has a major risk and that web developments themselves are a risk.

81 percent believe that they have a good understanding of the new and improved risks that web3 is confronted with cyber attacks and they all agree that Depin will be important for cybersecurity. 71 percent believe that this will help reduce costs and 30% say that the problem of cybersecurity will be the largest engine in the adoption of a backdrop.

Carvalho comments: “The centralized security models are obsolete. By allowing continuous and decentralized security validation continuously, the depths eliminate unique failure points, considerably reducing the risk and restoring confidence in the digital world. Deprages not only reduce dependence on centralized entities, but also promote the participation of the community, creating new economic incentives for contributors. As quantum computer threats are emerging, deprays will play a crucial role in the statement of cybersecurity challenges. “”

The real vision of the world on DEP

Naoris Protocol’s research also shows that there is more and more evidence of real world applications, as provided by Franklin Templeton. Noris interviewed IT directors in companies with annual turnover of $ 300 million or more based in the United States, the United Kingdom, the European Union and APAC and has found high levels of concern about cybercrime.

Almost half expect the global cost exceeding 15 billions of dollars by 2030 and declares an increasing number of incidents. 79% experienced an increase in malware attacks and 75% report more phishing with 68% by seeing more ransomware and the same number of ddos ​​increase.

97% expect larger budgets to face cybercrime. Part of this is due to what is perceived as growing threats to the use of AI and automatic learning by hackers who are increasingly widespread.

The improved risks of web cyber attacks are another problem identified by the study. The case of the real world is highlighted by the fact that they consider that the web3 strategy is in place as important with 58% with regard to this as very important.

The case of the real world is still reinforced by the way in which computer directors plan to deal with cyber liking. 73% say that Depin is extremely important for the future cybersecurity strategy.

The emphasis on the role of depolition in cybersecurity is a case recognized by computer directors. 96 percent say that their organization is now involved in depolition projects. Everyone expects growth in the number of new backdrops as they and their business are involved with 31% predicting growth of 50% or more over the next two years.

Party is Build momentum and recognition As it enters the real world and helps solve the problems of the real world. The American election highlighted digital financial innovation using blockchain and crypto. The coming year will help widen the projectors of deputy technology and help further stimulate its growth.