Crypto
After we consider crypto hacks, we frequently image subtle technical exploits — flaws in sensible contracts, trade vulnerabilities, or non-public keys being cracked. However the Bybit hack in February 2025 proved as soon as once more that probably the most harmful safety flaw isn’t within the code — it’s in human nature.
Bybit reportedly misplaced 401,000 ETH ($1.5 billion) in an assault that wasn’t the results of a technical exploit, however fairly a social engineering scheme. Hackers tricked Bybit executives into authorizing transactions themselves, utilizing deception as a substitute of brute power.
This wasn’t a one-off occasion.
Social engineering has turn out to be one of the efficient assault vectors in crypto, but it stays one of many least talked about.
It’s time to alter that.
In contrast to conventional hacks that require technical ability, social engineering depends on psychological manipulation to trick folks into giving up delicate data or performing actions that compromise safety.
