In the wake of 2025’s biggest crypto breaches, one security expert says the industry’s problems aren’t technical, they’re human.
In an interview with TheStreet Roundtable’s Jackson Hinkle, Jason Jiang, a blockchain security auditor and Chief Business Officer at CertiK, said the massive hacks that have shaken crypto in 2025, including the Bybit incident, are not unavoidable. They are the product of an industry still finding its footing.
“Everything can be prevented,” Jiang said. “In ByBit’s case, the hacker took, at one point five billion dollars. And the way they do it is by doing a lot of social hacking and then eventually get their wallet addresses and then that is how they took the money out.”
Human errors, not code flaws
Jiang believes most crypto failures begin with people, not software.
“If we actually find the root cause of every hack, it is a wow factor,” he said. “Meaning that this is so easy to fix. But the reason we cannot fix it is because we are in the very early stages of this industry.”
Lessons from the breaches
He said crypto’s short history explains much of the chaos.
“If you think about the normal banking industry, it starts in the mid nineteenth century and took two hundred years to get where we are, which is more secure,” Jiang said. “But here we are only experiencing the defies or the blockchain industry for the past twenty years, less than twenty years. So a lot of maturing needs to be done.”
The industry needs to mature faster by building stronger frameworks, developing internal response systems, and rewarding researchers who identify vulnerabilities before criminals do. The next stage of crypto security, he said, will depend on better coordination between projects, exchanges, and independent experts who can expose weaknesses before they become disasters.
He added that the shift toward openness is already underway. “Now you are seeing that the projects are more open and posting their projects onto the bug bounties,” he said. “We even started our own bug bounty program to get this more circulated.”
For Jiang, every breach is a warning but also a chance to improve. The real victory, he said, will come when crypto proves it can protect itself as well as it promises to.
