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Bybit Faces $1.5 Billion Hack: ETH Multisig Cold Wallet Compromised - NullTX

Retrieved on: 2025-02-22 21:43:04

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Summary

The article discusses a security breach at the cryptocurrency exchange Bybit, where a sophisticated hack targeted Ethereum multisig cold wallets, leading to significant losses. This incident highlights vulnerabilities and the necessity for stronger security in cryptocurrency systems involving Ethereum and digital wallets, implicating significant concerns for cryptocurrency exchanges like Binance and others.

Article found on: nulltx.com

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