Crypto's worst year for hacks wasn't a smart contract problem. It was a people problem.

2026-01-19 17:03:47

Source: CryptoNewsNet Original Title: Crypto’s worst year for hacks wasn’t a smart contract problem. It was a people problem. Original Link: Cryptocurrency’s security story is changing, and not in the way most investors expect or would like to, as while crypto losses are on the rise, so too is onchain security.

Even as 2025 went down as the worst year for hacks on record, the biggest failures weren’t born onchain; instead, they were operational. Passwords, keys, compromised devices, manipulated employees, fake support agents. Human error, not broken code.

“Despite 2025 being the worst year for hacks on record, those hacks stem from Web2 operational failures, not onchain code,” Mitchell Amador, the CEO of bug bounty platform Immunefi, told CoinDesk in an exclusive interview.

That distinction matters, Amador said, because it suggests something counterintuitive: on-chain security is improving, even as losses keep rising.

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