Technical analysis by moonypto about Symbol BTC on 12/1/2025

2025 The Year Crypto Exchanges Got Torn Apart The $36 million hack on Upbit has officially sealed 2025 as the worst year ever for exchange breaches. Eight platforms have already been compromised, and the total damage now sits at $1.69 billion, a brutal reminder of how fragile centralized custody still is and Funds are Not SAFU The Major 2025 Exchange Breaches Phemex — $85M (Jan 23) Bybit — $1.34B (Feb 21) Nobitex — $85M (Jun 18) BigONE — $27M (Jul 16) CoinDCX — $44.2M (Jul 19) WOOX — $14M (Jul 24) BtcTurk — $48M (Aug 14) Upbit — $36M (Nov 27) Each case involves different attack vectors, but the pattern is the same: inconsistent security practices, opaque systems, and weak operational discipline. Why This Keeps Happening? Exchanges love to market themselves as safe, regulated, user friendly platforms. But behind the glossy dashboards, a lot of them are running with: hidden key management systems, unclear wallet workflows, vague operational security practices, and incident response plans that only become visible after a meltdown. Good UI/UX is nice, but it’s worthless if the backend is a black box. The Core Problem: “Trust Us” Isn’t Good Enough With billions in user funds on the line, the industry can’t afford security theater anymore. If exchanges want to be taken seriously, they need to disclose far more about how they operate at least at a high level: key custody models wallet automation and approval flows internal SecOps policies team access controls how they respond when something goes wrong No sensitive details, just enough to prove they’re not running hedge-fund-level money on hobby-grade infrastructure. Self Custody Is the Ideal but Not the Reality Yes, crypto natives prefer self custody. It’s the safest option. But for most people, managing private keys is still confusing, stressful, and risky. The majority will continue using centralized exchanges whether we like it or not That’s why exchanges need to raise the bar, not just slap “secure” on their homepage. We’re past the point where marketing copy can cover technical debt. If Crypto Wants Mainstream Adoption, Security Must Become a Feature Not an afterthought. Not a checkbox. Not a press release gimmick Exchanges should treat security the way aerospace treats engineering paranoid, audited, verified, and hardened against every possible failure. Until then, we’ll keep seeing headlines like the ones that defined 2025 And users will keep paying the price