Big Banks Won't Touch Crypto: Daily Hacks Keep Trillions Away

Big banks are ready to pour trillions of dollars into cryptocurrency, but there's one massive problem: hackers are stealing millions almost every single day.

According to blockchain security firm CertiK, traditional banks and financial institutions (the companies that manage your savings and investments) want to use blockchain technology to move money faster and cheaper. Over the next 10 years, they're planning to move trillions of dollars worth of assets onto these digital systems.

But here's the scary part: hackers attacked crypto platforms on 27 out of 30 days in April 2026, making it the worst month for crypto security in four years. These aren't just regular hackers – they're using artificial intelligence (AI) to find weaknesses faster than ever before.

The numbers are staggering: • Bybit exchange lost $1.46 billion in one hack • North Korean hackers stole $600 million from two platforms in April alone • Attacks are happening almost daily, targeting smart contracts (automated programs that handle money)

CertiK's CEO Ronghui Gu explained that banks face multiple threats when moving money onto blockchain: • Smart contract vulnerabilities (bugs in the code that handles transactions) • Oracle manipulation (attacks on systems that provide real-world data to blockchains) • Cross-chain bridge hacks (stealing money as it moves between different blockchains)

The bottom line: Until crypto platforms can stop these daily attacks, Wall Street's trillions will stay on the sidelines. For everyday investors, this means the dream of mainstream crypto adoption might take longer than expected – but it also highlights why security should be your top priority when investing in digital assets.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/business/2026/05/28/defi-vulnerabilities-are-tradfi-biggest-blocker-as-protocols-hit-by-near-daily-exploits-certik