Crypto is superior to traditional 0 SWIFT, which can take days to process payments, newer blockchain networks achieve finality in mere seconds and have throughput sufficient for real-world mass 1 Secretary Bessent projects stablecoins alone will hit $3.7 trillion by 2030. That’s the equivalent of Germany's 2 its technological edge, crypto has a major security problem. We're on track to lose around 4% of total value locked to hacks in 3 H1 alone, the industry lost over $2 4 annualized, that points to over $4 billion flowing into hackers' wallets this 5 these losses were mirrored in traditional finance, the entire system would 6 crypto normalizes catastrophic loss rates while wondering why JPMorgan isn't moving their balance sheet 7 cost more than you think The real damage goes far beyond immediate theft.
It’s a burden on the whole ecosystem and it gets priced 8 protocols suffer a median 52% token price decline over six months, with the majority still showing price suppression half a year 9 an industry aspiring to manage the world's wealth, this is an existential 10 traditional financial market could survive with annual theft rates approaching 4%. To unlock the institutional flood gates and bring the next trillion on-chain, we must drive hack rates below 1% – 11 North Koreans are stalking your development team The moment a crypto project announces funding, North Korean hackers begin social engineering attacks on development teams. They've gotten scary good at 12 at the Radiant Capital hack – $50 million gone because attackers compromised devices through malware that infected transaction 13 most painful part of all of this is that we have the tools to stop this, and they keep getting better.
AI-driven monitoring systems can spot and resolve critical security issues before code is deployed, catching vulnerabilities that humans 14 services connect projects with elite Web3 security researchers to deliver tailored security 15 have the tools, yet projects still ship with single pre-launch audits and 16 set rewards to identify vulnerabilities at 1% of funds at risk when they should be at 10%. Moreover, they skip monitoring because it seems expensive until they're explaining to users why $50 million 17 to make crypto ready for primetime Reducing hack rates below 1% is an engineering challenge we already know how to 18 must embrace comprehensive security stacks: continuous monitoring, meaningfully priced security rewards to encourage security researchers, formal verification for critical components and AI-powered threat 19 cost is trivial compared to the potential 20 and institutions see these hack 21 run the 22 they conclude – correctly – that crypto isn't ready for prime 23 survived every market crash with no systemic bad 24 solved the technical 25 can’t be an 26 we adopt the security tools we've already built, or we watch institutional capital deploy elsewhere while hackers fund their operations with our losses.
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