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Tag: cryptocurrency exchange
Bybit Cryptocurrency Exchange Faces Massive $1.1 Billion Hack
Bybit faced a massive security breach when $1.1 billion in ETH was stolen from a compromised cold wallet. The hack exploited vulnerabilities during a transfer using Safe.global's multi-signature technology. Though it's a huge loss, Bybit assures customers their funds are protected. An investigation into potential phishing attacks and technical flaws continues.
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