Is The Bybit Crypto Hack The Future? DePIN Looks To Make Web3 Much Safer

the Beit penetration Shock waves were sent through the global digital financing community that lights up the highlight of Central Crypto Exchange. The $ 1.4 billion stealing ETH is the biggest theft of encryption in all ages, the most wonderful of which is North Korea Lazaros GroupAnd it appears to be the biggest theft of any kind in history.

The penetration quickly comes on the back of the encryption industry to celebrate the newly proven head of Trump and the administration’s commitment to making America the capital of the world with new executive order “Promoting American leadership in digital financial technology” Executive order, a flood of new dates, and talk about the Bitcoin Strategic Reserve.

The penetration is likely to give up consumer confidence in encryption and will ask more questions by policy makers who are keen to put the brakes on digital financing techniques. BYBIT is penetrating in the direction that saw $ 2.36 billion lost in 2024 through 760 security incidents of Web3 projects, according to Certik Hack3d report.

What is important for citizens, companies, policymakers and organizers who understand it, is that the breastfeed was a result of human error, and has nothing to do with encryption technology or Blockchain in itself – just like FTX’s bankruptcy was the result of human fraud, and points of new digital technologies.

Bybit was violated by an advanced hunting penetration, and the deception of human signing officers who all needed to declare the transfer of the cryptocurrency from the BYBIT digital portfolio to the Lazaros digital portfolio, although there is a job known as “known as” as “”Multiple governor“For their requirements for multiple signatures to enable treatment.

This was achieved by “Cheat the user interfaceReplacing the regular BYBIT user interface with a completely false and convincing fraudulent user interface that deceived the BYBIT Signatories website who believed that they were allowed to transport the cryptocurrency “work as usual.” This type of human penetration shows the danger of central security on the web, and now and in the future.

Bad news is that the central platforms and their security systems depend on human confidence, which makes them more predictable and profitable goals for electronic criminals because they are one points of failure and access to Internet criminals to technology and ecosystem platforms.

Good news for the web3 Digital Assets community is that Decentralized material infrastructure networks (DePins) are highly improved solutions to the threats of central cybersecurity by distributing confidence and verification of health and it appears to be a major growth field for the WEB3 digital financing sector.

DePins transforms a range of industries that depend on central governance and material infrastructure management. Its value is currently 29 billion dollars with a daily trading volume with an average of 2.18 billion dollars. DePins are relatively enthusiastic and growth capabilities, such as bitcoin predictions.

There Digital Asset ReportAsset Director Franklin Templeton is bold that the next year will witness a major transformation in the encryption sector away from focusing on trading to the development of applications in the real world. The market as a whole, regardless of the coins, will grow dramatically with digital facilities and assets, as Franklin Templeton believes, it will become a vital part of global financing and operations.

David Carvalho, founder and CEO of Nawras ProtocolIt is believed that Depin has prevented a leader in the amexic security after a quarter, that it could have been prohibited by penetration by BYBIT, saying: “There is no infallible system, but it is not central to the contract in the DEDINS automatically discovers the abnormal user behaviors or immediate devices.

“The ratification of the symbol distributed in DePins guarantees the implementation of only verified smart contracts that stop unauthorized and infiltrated transactions.”

Returns opportunities and challenges

There Debine State report 2024Crypto Analytics and Research Messari estimates that 13 million devices worldwide contribute every day and 20 DePin projects that have 100,000 active contracts with five of a million.

The report estimates that the DEPIN’s processing market is $ 2.2 trillion and can reach $ 3.5 trillion by 2028, but DePin projects currently only represent less than 0.1 % of endemic markets.

Growth expectations for the next contract for the sector range from 100x to 1000X, while the important gap is a good indication of an increasing investment interest in the DePin sector.

Search for Betrue Crypto Exchang More than $ 246 million estimates were invested by investment capital companies in 70 DePin projects last year. One company, The capital without limitsI invested in 17 projects worth $ 8.9 billion.

HeliumIt is estimated that one of the best known projects in business projects has attracted one billion dollars of investment for its decentralized wireless network that provides connection to the Internet of Things. Decentralized infrastructure reduces the need for major communication investments.

The world of investment for DePin exceeds investment capital companies. The encryption hedge funds invested including EV3 liquids, directly units and pantira in projects. The Messari report concludes that “DePin is an inevitable global movement” a strong prediction of the analyst.

Some analysts argue that the development of quantum computing will be a problem for almost all digital systems. Cryptocarots will need to be upgraded like any system using encryption

Depin policy and organization It is currently very thin on the ground.

Aaron Passi, head of the producer in IOTX “The development of a strong organizational framework for DePin is essential to cancel its capabilities as a transformational force in technology and infrastructure. Organizers must adopt an accurate approach that addresses the complications of the hybrid Depin nature.”

The technology behind DePin should be strong, but most importantly, users in the real world must build DePin technology.

Web3 opportunity for DePin

Web3 development focuses on solutions aimed at developing decentralization and giving power to individuals. It has not yet reached the main current, but the ability to support the DePin is present.

Aliza Ghods, CEO and co -founder of NatxHe says: “The trip to the prevailing adoption of DePin and Web3 is not related to delightful technology or complex innovations that only a few can understand.

new research With the presence of developers in the United States, the United Kingdom, the European Union and the APAC protocol by Naoris, 95 percent found that they have seen an increase in harmful program attacks over the past two years, while 85 percent have reported an increase in hunting attacks, 85 percent, an increase in DDOS attacks and 81 percent, an increase in the consequences of dams.

The developers expect that the average cost of data violations will reach $ 5.3 million within five years. They almost believe that the cost will continue to increase.

While you are concerned about data violations and electronic attacks, developers who also interrogate also admit that increasing the use of artificial intelligence and murdes will contribute to high costs. They also agree that quantum computing poses a great danger and that the developments of the WEB3 itself are a danger.

81 percent believe they have a good understanding of the new and improved risks on the Internet of electronic attacks and that they all agree that DePin will be important for cybersecurity. 71 percent believe that it will help reduce costs and 30 percent say the issue of cybersecurity will be the largest DEPIN adoption engine.

Carvalho comments, “Central Security Models are outdated. By enabling the validity of the continuous, decentralized safety, DePins abolishes individual failure points, which greatly reduces risks and restore confidence in the digital world. DePins not only reduces dependence on central entities but also enhances the participation of society, which creates new economic incentives for shareholders. With the emergence of computing threats appearing. Quantity, DePins will play an important role in facing cybersecurity challenges. “

The real world look at Deepin

NAORIS Protocol research also shows that there is increasing evidence on real world applications as Franklin Timbalon predicted. Norris had an interview with 300 million dollars or more information technology managers in the United States, the United Kingdom, the European Union and APAC and have found high levels of concern about electronic crimes.

Almost half of them expect the global cost to exceed $ 15 trillion by 2030 and reporting an increasing number of accidents. 79 percent saw increases in malware attacks and 75 percent report more hunting with 68 percent of seeing more ransom programs and the same number is a rise in DDOS.

97 per cent expects to deal with larger budgets with electronic crime. Part of this is due to what is seen as increasing threats to the use of artificial intelligence and machine learning by infiltrators and microwaves that are increasingly via the Internet.

The risks of the web3 bachelors attack are another problem identified by the study. The issue of the real world is highlighted by the fact that they consider the Web3 strategy in place with the importance of 58 percent in relation to it as very important.

The issue of the real world is further strengthened by how IT managers are planned to address cyber risks. 73 percent say Deepin is very important for the future cybersecurity strategy.

The emphasis on the role of DePin in cybersecurity is a recognized situation by managers. 96 per cent says their organization is involved in DePin projects now. Everyone expects to grow in the number of new DePin projects in which they participate and their company with 31 percent of growth of 50 percent or more in the next two years.

Debine is Building momentum and recognition While moving to the real world and helps to address issues in the real world. The American elections turned the spotlight on the innovation of digital financing using Blockchain and Crypto. Next year will help expand the range of lights to DePin technology and help increase its growth.