CertiK exec explains how to keep crypto safe after $1.4B Bybit hack

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The February hack against Bybit sent ripples through the industry after $1.4 billion in Ether-related tokens was stolen from the centralized exchange, reportedly by the North Korean hacking collective Lazarus Group, in what was the most costly crypto theft ever.

The fallout from the hack has left many people wondering what went wrong, whether their own funds are safe, and what should be done to prevent such an event from happening again.

According to blockchain security company CertiK, the massive heist represented roughly 92% of all losses for…



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CertiK exec explains how to keep crypto safe after $1.4B Bybit hack


The February hack against Bybit sent ripples through the industry after $1.4 billion in Ether-related tokens was stolen from the centralized exchange, reportedly by the North Korean hacking collective Lazarus Group, in what was the most costly crypto theft ever.

The fallout from the hack has left many people wondering what went wrong, whether their own funds are safe, and what should be done to prevent such an event from happening again.

According to blockchain security company CertiK, the massive heist represented roughly 92% of all losses for…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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