the reputation of a cold wallet as the most secure element in the custody of digital assets. It was thought that a Multisig cold wallet would be more secure than a wallet controlled by a single person ...

The cryptocurrency industry handles billions of dollars in transactions. Exchanges offer access to hundreds of different cryptocurrencies from a single place, something that users take advantage of ...

When North Korean hacker group Lazarus stole nearly $1.5 billion worth of ethereum tokens from crypto exchange Bybit, one question was: How? The tokens were stored in cold wallets, unconnected to the ...

Bybit has officially reported the $1.5 billion hack to authorities, launching an aggressive effort to track and block the 401,000 ETH stolen from its cold wallet. The exchange confirmed that law ...

Bybit CEO Ben Zhou confirmed the incident, stating that the exchange’s ETH cold wallet was compromised due to a sophisticated attack. Bitcoin, Ethereum, and Dogecoin saw a sharp drop on Friday after a ...

Bybit said it successfully navigated the biggest cryptocurrency heist ever recorded, in which hackers stole about $1.5B in digital assets from the crypto exchange's ethereum cold wallet. Hackers stole ...

The incident underscores how attackers can leverage seemingly secure third-party wallet infrastructure to manipulate high-value transactions. A carefully injected piece of malicious code in a trusted ...

The MarketWatch News Department was not involved in the creation of this content. Strengthening Crypto Security: Bybit's AI Risk Engine Fortifies Hot and Cold Wallets, Screening $1 Billion in ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. In post on X, Bybit says a "sophisticated attack" enabled ...

Bybit founder Ben Zhou has raised concerns that multisig wallet provider Safe may have been compromised, allowing hackers to steal $1.4 billion in Ethereum (CRYPTO: ETH). Speaking in a live stream, ...

DUBAI, United Arab Emirates, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is stepping up its security efforts, using cutting-edge AI ...