Crypto Insurance Problem Grows as Hacks Expose Coverage Gaps
Highlights: Crypto hacks caused $2.87B in losses across nearly 150 incidents during 2025. Bybit’s $1.46B breach accounted for 51% of all crypto hack losses in 2025. DeFi median losses fell 75%, from $6M in 2022 to $1.5M in 2025.
Lost Bitcoin Keys Expose the Limits of Legal Ownership
Large volumes of Bitcoin made inaccessible by lost private keys have created a practical ownership problem that estate law cannot solve on its own. Legal title does not restore cryptographic control, because the Bitcoin network recognizes signed transactions, not probate orders, wills or fiduciary authority.