Dragonfly managing partner Haseeb Qureshi said crypto is experiencing a wave of cyberattacks that could foreshadow broader internet-security risks, BlockBeats reported on Oct. 22.
Qureshi describes an early warning
In a post cited by BlockBeats, Qureshi argued that on-chain attacks are easier to monetize directly, making crypto protocol incidents an early warning for wider security threats. He said attack counts were rising sharply, while annualized stolen funds were roughly similar to 2025, implying lower average losses per incident.
View focuses on smaller DeFi protocols
Qureshi said attackers were concentrating on smaller DeFi protocols with weaker or poorly maintained security controls, while larger protocols had begun using AI tools for defense. These statements are his assessment as relayed by BlockBeats; the flash did not provide an independent dataset or methodology.