Major hacks and thefts from cryptocurrency exchanges and decentralized finance (DeFi) protocols frequently lead to losses worth hundreds of millions of dollars. Such incidents often have a noticeable impact on the broader crypto market.

The market will resolve to YES if, at any time between 00:00 ET on July 23, 2025 and 23:59 ET on December 31, 2025, a crypto exchange, decentralized exchange, lending protocol, or other crypto project suffers a confirmed hack or exploit that results in the loss of digital assets valued at USD 100 million or more at the exchange rate prevailing at the moment of the incident.

Data source: Rekt News Leaderboard https://rekt.news/leaderboard/ and reliable reports from reputable news agencies or specialized research firms.