Bybit suffers major crypto heist: What happened and what it means for users

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Cryptocurrency exchange Bybit has confirmed that one of its Ethereum cold wallets was compromised in a cyberattack, leading to the theft of approximately $1.5 billion worth of assets. The scale of the breach has sent shockwaves through the crypto community, raising fresh concerns about security vulnerabilities in the industry.

Bybit confirms breach but assures users

Bybit CEO Ben Zhou acknowledged the security breach on Friday, clarifying that the attack affected only a single Ethereum wallet. The company assured users that all other wallets remained…



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Bybit suffers major crypto heist: What happened and what it means for users


Cryptocurrency exchange Bybit has confirmed that one of its Ethereum cold wallets was compromised in a cyberattack, leading to the theft of approximately $1.5 billion worth of assets. The scale of the breach has sent shockwaves through the crypto community, raising fresh concerns about security vulnerabilities in the industry.

Bybit confirms breach but assures users

Bybit CEO Ben Zhou acknowledged the security breach on Friday, clarifying that the attack affected only a single Ethereum wallet. The company assured users that all other wallets remained…



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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