To make matters worse, the attack leveraged ‘blind signing’. When approving the transactions, employees were effectively signing off on something they couldn’t fully see on their screen. The ...
The recent $1.4 billion Bybit hack by Lazarus Group has crypto industry figures weighing in on lessons that should be learned ...
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Cryptopolitan on MSNThe Future of Crypto Security – What Can Exchanges Learn from the Bybit Hack?The $1.5B Bybit hack isn’t just another crypto breach, it’s a wake-up call for the entire industry. Even cold wallets and multisig protection failed, exposing vulnerabilities that every exchange must ...
With $20 billion in customer assets under custody, Bybit faced a significant challenge when an attacker ... contains a ...
The breach occurred through a compromised third-party wallet interface, proving that exchanges must rigorously vet and monitor external tools. The Bybit hack shook the crypto landscape ...
As part of the initiative to recover stolen assets, Bybit introduced a blacklist wallet application programming interface (API) and offered a bounty for tracing the funds. At the same time ...
Assets were stolen from Dubai-based cryptocurrency exchange Bybit earlier this month, in what's believed to be the largest-ever digital heist.
This allowed the cybercriminals to steal sensitive information and access Bybit’s user interface and cold wallet signers. For those unfamiliar with cold and hot wallets: A hot wallet is like an ...
With MT5's sophisticated charting tools, automated trading capabilities, and intuitive interface, Bybit Gold & FX Trading enhances the trading experience for both seasoned professionals and those ...
Bybit CEO Ben Zhou has praised Vietnamese cybersecurity firm Verichains for its crucial role in investigating the “largest ...
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