Vitalik Buterin, co-founder of the Ethereum Foundation, has warned that the next two years in the crypto industry will be about survival rather than growth. In an exclusive interview with Moneycontrol, Buterin emphasized that many in the sector are shifting their focus from expansion to resilience, adopting what he calls 'bunker mode.'
Buterin's comments come amid a surge in crypto exchange hacks worldwide. He expects major exchanges, custodians, and institutions to prioritize security measures over aggressive growth strategies. The rising number of hacking incidents could also push regulators to enforce stricter security standards on crypto companies.
Buterin did not provide specific details on the expected regulatory changes but stressed the importance of proactive security measures to safeguard user assets and maintain trust in the crypto ecosystem.