Having been involved in the crypto space for many years, I find myself increasingly convinced that the recent high-profile wallet hack is not as simple as it appears on the surface. While it looks like a theft, the underlying issues are much deeper.

First, let's talk about the hackers. Typical attacks usually target a single chain with focused efforts, but this time is different—multiple blockchains such as EVM, Bitcoin, and Solana were all targeted simultaneously. Funds were dispersed and transferred quickly to hide traces. This is clearly not the work of lone wolves; it’s likely orchestrated by organized, large-scale teams. From technical methods to execution efficiency, the entire operation exudes a professional aura.

Next, regarding platform defenses. Honestly, the smart contracts on the wallet had previously passed security audits, yet vulnerabilities were still found. This serves as a wake-up call for the entire industry: there is no permanent solution for security in the crypto field. Audits are one-time checks; hackers’ techniques evolve rapidly. Platforms must continuously upgrade their protective measures and cannot rely solely on past audit reports.

As for compensation, the platform promised full reimbursement to users, which is commendable. Users are not at fault and should not be blamed for the hackers’ actions. However, compensation only addresses the surface issue; the root cause—how the vulnerabilities arose—must be thoroughly understood and fixed. Otherwise, the security logic remains unchanged, and future attacks will still find opportunities.

Many of the stolen addresses have now been identified. Everyone should memorize these addresses to avoid accidental transfers. But there’s no need to panic excessively—blockchain traceability is effective. As long as platforms and security agencies work together, tracking the flow of funds is not difficult. The real issue lies with individual users: private key management, authorization controls, phishing awareness—these security practices must be strengthened to the highest level.