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It’s only going to get bigger. $1.5B was the ceiling yesterday; $6.3B is the ceiling today. Crypto liquidity is centralized into few giant honeypots, while the attack surface remains a single DevOps engineer’s laptop at home. We spent 10 years adding protocol complexity, EIP AA, and cross-chain wrappers, but the adversary is a state-sponsored APT unit with infinite patience and resources. When a nation-state can net $3B+ in liquid native crypto from one remote worker’s compromise, $6B is the new baseline. Next cycle will have an $11-figure post-mortem; $10B is already queuing up.

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