From hacks and macro shocks to stablecoin regulation and market-structure upgrades, 2025 reshaped how crypto operates and what mainstream adoption really means.
On Feb. 24, the crypto industry faced a renewed security reckoning after about $1.4 billion was stolen from Bybit, making it one of the largest exchange-related thefts on record.
US authorities publicly attributed the attack to actors linked to North Korea and warned that the stolen assets would likely be laundered through a network of addresses and intermediaries.
