MartyParty(@martypartymusic):Centralized Exchange hacks by the numbers Bybit $1.5b February 2025 Bitget $388m Sept 2026 Binance $6.3b October 2026 Total $8.2b Centralized platforms are the overwhelming majority of crypto “theft” by dollar value. The part that should worry people isn’t the count, it’s the method. “Thieves” didn’t break the blockchain they compromised the platforms own infrastructure, used a laptop and pre-signed authorizations to turn hot wallets into sweepers. Same playbook for all 3. Why would billions not have been better protected after Bybit? Or Drift? How can billions be behind one Ethereum EIP-7702 signature? You think we stupid? Fishy af.

2026.11.01 22:09

Centralized Exchange hacks by the numbers Bybit $1.5b February 2025 Bitget $388m Sept 2026 Binance $6.3b October 2026 Total $8.2b Centralized platforms are the overwhelming majority of crypto “theft” by dollar value. The part that should worry people isn’t the count, it’s the method. “Thieves” didn’t break the blockchain they compromised the platforms own infrastructure, used a laptop and pre-signed authorizations to turn hot wallets into sweepers. Same playbook for all 3. Why would billions not have been better protected after Bybit? Or Drift? How can billions be behind one Ethereum EIP-7702 signature? You think we stupid? Fishy af.