Haseeb Qureshi: A wave of attacks similar to the COVID-19 is emerging in the field of network security, with the encryption industry bearing the brunt

Haseeb Qureshi, managing partner of Dragonfly, said that a wave of attacks similar to the COVID-19 epidemic is emerging in the field of network security, and the encryption industry has become the primary target because of its easy realization. He believes that on chain hacking incidents are the canary of network security. According to DefiLlama Research data, the number of on chain hacking incidents has increased, but the annualized scale of stolen amounts is roughly equivalent to that of 2025, with a decrease in losses per incident. Most of the small protocols have been broken, and the large protocols have strengthened their protection with AI tools. He predicted that a similar situation would occur in the wider Internet field.