**MartyParty Sparks Debate Over Solidity’s Role in Crypto Exploits, Citing Bybit’s $1.4B Hack and Other Breaches**
Cryptocurrency influencer MartyParty has ignited a lively discussion by suggesting that Solidity, Ethereum’s programming language, is responsible for 80% of crypto exploits. He pointed to the recent $1.4 billion hack of Bybit’s Ethereum cold wallet, which he claims highlights the vulnerabilities of Ethereum. However, forensic reports indicate that the breach was primarily due to phishing and interface manipulation rather than flaws in Solidity itself.
In a post on platform X, MartyParty encouraged his followers to sell their Ethereum (ETH) holdings and invest in Solana (SOL) and Sui (SUI), describing Ethereum as “old, slow, broken.” He expressed concerns that Ethereum’s layer-2 solutions could be susceptible to similar attacks, while praising Solana and Sui for utilizing “safer” programming languages like Rust and Move. Despite his strong opinions, his assertions lack verified data.
While Solidity does have known vulnerabilities, such as reentrancy risks, other blockchain networks have also experienced significant breaches. For instance, Solana suffered a loss of $523 million in 2022 due to flaws in third-party applications, and Sui faced a $29 million breach in 2024 involving token theft that was laundered through privacy tools.
The Bybit hack, which occurred on February 21, 2025, involved attackers manipulating the signing interface during a routine transfer from a multi-signature cold wallet to a hot wallet, redirecting 401,347 ETH (valued at $1.4 billion) to unauthorized addresses. Bybit CEO Ben Zhou confirmed the breach but reassured users that client funds remained fully backed. Forensic analysts attributed the exploit to phishing tactics aimed at employee credentials, emphasizing that human error played a significant role.
MartyParty’s claim that Solidity is responsible for 80% of crypto exploits remains unverified. While platforms like QuickNode outline common risks associated with Ethereum-based smart contracts, they do not provide specific exploit rates by programming language. Additionally, Solana’s Rust-based ecosystem experienced an $8 million theft in 2022 due to insecure code in wallet software, not the blockchain itself. Similarly, Sui’s Move language, intended to prevent asset duplication, failed to avert a 2024 exploit involving forged transactions.
Community reactions to MartyParty’s post have been mixed. Some users, like Patrick Coombe (@pmkoom), questioned whether the Bybit hack was a result of Solidity vulnerabilities or phishing tactics. Others defended Ethereum, highlighting that its blockchain has never been directly hacked or shut down. A portion of responders took the opportunity to promote trading groups or alternative tokens, reflecting the speculative nature of the ongoing discussion.
