According to the source, a year-end roundup highlights 2025’s largest crypto hacks and breaches impacting centralized platforms from Bybit to Coinbase, underscoring elevated counterparty risk into early 2026, the source reports. For trading, Chainalysis 2024 Crypto Crime Report, Kaiko Research 2024 market liquidity studies, and Glassnode 2024 analyses indicate such security incidents are typically followed by increased BTC and ETH implied volatility, net exchange outflows to self-custody, wider spot spreads, and relative altcoin underperformance versus BTC.

According to @EvgenyGaevoy, a recent Coinbase security breach involved support agents being compromised, resulting in a small fraction of users (less than 1 percent) having their personal data accessed. No cryptocurrency or user balances were lost, and the incident did not affect digital assets on the platform. This targeted breach highlights the importance of robust internal controls for crypto exchanges and has prompted renewed scrutiny on centralized platforms’ security, potentially influencing short-term trader sentiment and user trust (source: @EvgenyGaevoy, Twitter, May 15, 2025).