Gate News Report, March 19 — Web3 security firm CertiK appeared at the U.S. DC Blockchain Summit, where Chief Business Officer Jason Jiang participated in a panel discussion on crypto infrastructure security and industry regulation. Combining data from CertiK’s “2025 Skynet Hack3D Report,” Jiang pointed out that smart contract vulnerabilities remain the biggest attack surface, and cross-chain bridges, due to highly concentrated liquidity, have become the preferred high-value targets for hackers. He stated that in 2025, supply chain attacks caused the most severe losses, with just two incidents resulting in over $1.45 billion in damages; 240 phishing attacks were the most frequent type of attack last year. He also warned that the complex verification mechanisms of cross-chain bridges and inconsistent security standards across the industry are key hidden threats to the stability of the crypto ecosystem. Regarding incident response, Jiang emphasized that regulatory frameworks should focus on supporting responsible vulnerability disclosure, security technology research, and cross-industry collaboration, rather than delaying response efficiency. During the summit, Jiang also engaged with several U.S. lawmakers to discuss the future development of market structure, how traditional banks can adapt to new crypto paradigms, ways to strengthen consumer protection, and how to combat scams, with a focus on the collaboration between technology service providers and law enforcement in preventing fraud, fighting crime, and safeguarding consumer rights.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Fake Ledger Live App Steals $9.5M From 50+ Users Across Multiple Blockchains
A fraudulent Ledger Live app on Apple's App Store stole $9.5 million from over 50 users by compromising wallet information. The incident, involving significant losses for major investors, raises concerns about App Store security, prompting discussions of a possible lawsuit against Apple.
GateNews11m ago
Criticized for freezing USDC too slowly! Circle CEO: We will definitely wait for the court’s order before freezing—refusing to freeze privately/by ourselves without authorization
Circle CEO Jeremy Allaire said the company will not proactively freeze wallet addresses unless it receives a court order or a request from law enforcement. Even amid hacker money-laundering disputes and community backlash, Circle still insists on operating in accordance with the rule of law.
Jeremy Allaire sets Circle’s law-enforcement bottom line
-----------------------------
As the global cryptocurrency market roils, Circle’s CEO Jeremy Allaire, the stablecoin issuer, delivered a clear stance on the most sensitive issue in the market at a press conference in Seoul, South Korea. He pointed out that although Circle has the technical means to freeze specific wallet addresses, unless it receives a court order or a formal instruction from law-enforcement authorities, the company will not take such action on its own.
CryptoCity2h ago
Attacker Exploiting Bridged Polkadot Vulnerability Transfers $269K to Tornado Cash
On April 15, Arkham reported that the attacker who exploited a Bridged Polkadot vulnerability transferred around $269,000 in stolen funds to Tornado Cash, complicating asset tracking.
GateNews2h ago
Bitcoin Developers Propose BIP 361 to Protect Against Quantum Computing Threats
Bitcoin developers have proposed BIP 361 to safeguard the network against quantum computer risks by freezing vulnerable addresses. The proposal includes a phased plan to transition users to quantum-safe wallets, but it has sparked debate on user control and security.
GateNews2h ago
Hackers Exploit Obsidian Plugin to Spread PHANTOMPULSE Trojan with Blockchain C2
Elastic Security Labs revealed that threat actors impersonated venture capital firms on LinkedIn and Telegram to deploy a Windows RAT named PHANTOMPULSE, using Obsidian note vaults for attacks, which Elastic Defend successfully blocked.
GateNews3h ago
Zerion Hot Wallet Loses $100K in AI-Driven Social Engineering Attack by North Korea-Linked Hackers
Zerion confirmed a recent AI-driven social engineering attack by North Korean hackers, resulting in a $100,000 loss from corporate hot wallets. User funds remain safe, and the company has taken precautionary measures. This follows another significant attack on Drift Protocol.
GateNews4h ago
