CertiK CBO: Crypto needs security standards, supportive regulation

Smart contract vulnerabilities are the crypto industry's biggest weakness and a primary target for hackers, CertiK Chief Business Officer (CBO) Jason Jiang said at the Washington D.C. Blockchain Summit on March 18. Speaking at a forum on crypto infrastructure security and regulation, he noted that 2025 was the worst year for damages from supply chain attacks, with over $1.45 billion lost in just two incidents. Jiang added that phishing was the most frequent attack type last year, with 240 recorded incidents. He identified the complex validation mechanisms of cross-chain bridges and a lack of unified industry security standards as key factors threatening the ecosystem's stability. To respond to these incidents, Jiang stressed that a regulatory framework must be designed to support vulnerability disclosure, security technology research, and industry collaboration. He also discussed public-private cooperation with U.S. political figures on measures to protect consumers and prevent fraud in the crypto market.