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Bybit Responds to Record Hack with Three-Pronged Security Overhaul
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched a comprehensive upgrade to its security systems following a major hack earlier this year. The breach, linked to an external multi-signature service, did not penetrate Bybit’s core infrastructure but marked the largest known crypto exchange hack to date. In response, the company has announced a sweeping three-dimensional reinforcement plan covering audits, wallet protection, and infosec upgrades. The attack in February, described as a multi-stage operation, underscored vulnerabilities across crypto platforms even when ... (full story)
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