A recent research report from an overseas security agency has caused quite a stir in the crypto community. Data shows that by 2025, losses from hacking attacks in the cryptocurrency sector will have risen to $2.2 billion, with the top 10 major attack incidents averaging over $200 million each.

This is certainly not a small-scale issue. Blockchain exchanges, smart contract code vulnerabilities, and hot and cold wallet systems have all become primary targets for hackers. Leading assets like Bitcoin and Ethereum have also not been spared, frequently falling victim to attacks.

What is even more concerning is that this report only accounts for cases that have been exposed and confirmed. The actual scale of losses could be far beyond this figure. Some attackers use mixing services to launder money, making on-chain tracing as difficult as finding a needle in a haystack. The flow of funds becomes blurred, and the difficulty of regulation and recovery increases exponentially.

From a market perspective, such data will directly impact investor confidence. When institutional funds enter the market, they will be more cautious. The difficulty of financing new projects will also rise, and investors will inevitably demand stricter security audits and risk control measures. Projects lacking a comprehensive security system will face greater pressure during fundraising.

This also raises a question worth discussing: should exchanges invest more resources in strengthening security systems and risk reserve funds, or should users themselves improve their security awareness and self-protection capabilities? Both are crucial, but where is the balance? It’s truly worth pondering.