The Billion-Dollar Heist and What It Means for Crypto Security: Bybit’s Security Overhaul After Hack
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been writing a new page of central exchanges’ (CEX) security playbook in its battle against cyber attacks. Apart from the on-going fund recovery mission, Bybit has revealed a three-dimensional revamp of its safety guardrails: security audits, wallet fortifications, and infosec upgrade. In February, Bybit was subjected to a sophisticated multi-stage attack which turned out to be the largest hack known to