Why centralized security fails in the web3 and how the depth can remedy it.
On February 21, 2025, the web3 underwent its most devastating hacking to date: Bybit, a leading exchange, was hacked for $ 1.4 billion in ETH and ETH Staké, causing an earthquake in the community of digital assets. This unprecedented attack exposed a persistent truth: centralized exchanges (CEX) are the Achilles heel of security in the web3.
The attack would have exploited a sophisticated piracy of phishing, deceiving multisig portfolio signatories so that they approve fraudulent transactions via a usurpation (spoofing) of user interface. Although Bybit's basic infrastructure has survived, confidence in centralized security has undergone new blow.
Fatal centralized security failure for web3
The loss of Bybit highlights an alarming trend. Just in 2024, The web3 underwent $ 2.36 billion in losses through 760 security incidentsmost of which were targeting centralized platforms. For what ? Centralized systems are based on human trust, which makes them predictable and lucrative for cybercriminals. While the web3 preaches decentralization, many of the most precious assets still depend on the safety models of the web2 era.
The CEXs, due to their centralized fund controls, are privileged targets. Unlike decentralized finance protocols (DEFI), where users retain autonomous guard, CEX depend on human confidence, an intrinsically exploitable weakness. Bybit joins Binance and OKX among the victims proving that the centralized security models of the web2 era are inadequate for decentralized ambitions.
Decentralized infrastructure (backdrop) as a solution
Web security 3 requires an emergency change in centralized vulnerability to decentralized resilience. Decentralized physical infrastructure networks (purple) distribute confidence and validation, eliminating unique failure points exploited by attackers.
Noris Protocol stands at the forefront of this evolution of security. Using his blockchain of decentralized security evidence (DPOSEC) fed by post-quantic, Noris Protocol replaces traditional centralized control with a decentralized network of validators nodes. Each node continuously validates each other, forming a “robust safety hive” and in real time to detect and quickly neutralize threats.
Could Noris Protocol have warned bybit's hacking?
Although no security system is infallible, a time of deputy cybersecurity like Naoris Protocol could have considerably reduced such risks. Here's how Noris Protocol could have reduced the bybit's incident:
Phase 1: prevent theft of identifiers and host compromise
Noris Protocol attributes cryptographic identities resistant to quantum to devices, making stolen identifiers unusable from compromised machines. Its decentralized validateur nodes automatically detect abnormal user behavior or compromise devices, immediately insulating threats. The pirates of the Lazarus group would have been immediately detected and neutralized, which would have blocked permanent access to the system.
Phase 2: Stop the Spoofing UI and malicious transactions
The pirates deceived the signatories of Bybit with false transaction interfaces. Naoris Protocol addresses this vulnerability through a user interface has been used by quantum, continuously checking transaction interfaces against cryptographically secure and chain versions. Any modification triggers an instant consensus failure, stopping malware. In addition, its distributed code verification guarantees that only the intelligent contracts verified run, thwart any unauthorized transaction.
If Bybit had adopted this type of security, fraudulent transactions would have been detected and blocked in real time, protecting $ 1.4 billion in user assets.
The imperative of the web3: decentralized security
Bybit's violation underlines why centralized models are no longer viable for the decentralized vision of the web3. David Carvalho, CEO of Naoris Protocol, underlines this emergency:
Bybit's hacking highlights systemic flaws in centralized security. The web3 must free itself from the vulnerabilities of the web2. Decentralized ecosystems require decentralized security. The backdrop has come.
David Carvalho, CEO of Noris Protocol
Bybit's transparent response and its rapid users' insurance – engaging asset support 1: 1 and full solvency – are laudable. However, reality remains severe: centralized security has failed many times, demanding an immediate evolution.
The web3 is at a crossroads. To keep its decentralized promise, it must adopt resilient and without confidence safety models. Bybit's attack is more than a violation – it is an urgent call for the web3 completely to go to cybersecurity solutions based on a backdrop like Naoris Protocol.
Decentralized security is not theoretical – it is operational now. Discover the Post-quantum testnet of Naoris Protocol. With 918K+ wallets and 11.4m+ Transactions secured by Quantiques, Noris Protocol proves that the future of web security is decentralized.
About Naoris Protocol
Noris Protocol is revolutionizing cybersecurity and digital confidence with the First layer of decentralized security in the world,-A point of point fed by post-quantics which secures Web2 & Web3 infrastructure, including L0, L1, L2, DEX, bridges and validators. By transforming each device into a confidence validator node, our decentralized security layer takes advantage of the cutting -edge and AI consensus mechanism in decentralized swarms, to establish a new standard in terms of transparency, confidence and security – preparing Web2 and blockchain ecosystem for a post-quantic future.
Directed by experts from the sector and pioneers of cybersecurity with decades of experience, who undertake to advance the borders of cybersecurity and confidence, here are some of our advisers confidence:
- David Holtzman : former CTO of IBM and architect of the DNS protocol
- Ahmed Réda Chami : Morocco ambassador to the EU. Old CEO of North Microsoft Africa
- Mick Mulvaney : Former chief of staff of the White House
- Inge Kampenes : Former chief of the Norwegian armed forces & Cyber defense chief adding decades of experience that undertake to advance the borders of cybersecurity and confidence.
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