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AiCoin|Feb 24, 2025 06:01
🚨 #CryptoSecurity | 1.5 Billion Incident in 72 Hours: How #Bybit Overcame the Hacking Crisis 🚨
💥 In a "digital ambush," hackers used forged signatures to transfer 1.5 billion, sparking Bybit's impressive comeback! 💸
🕵️♂️ By bypassing multi-signature protocols through social engineering, the hackers caused an immediate loss.
💪 Bybit acted swiftly: the CEO went live, liquidity was mobilized, and assets were frozen with strong protections!
🛡 With transparency, the CEO held live sessions every three hours while withdrawals were processed faster than banks.
The industry rallied around Bybit, with various platforms offering support.
📝 Key Takeaway:
This event highlighted vulnerabilities in multi-signature systems but proved that true security lies in rapid recovery during crises. Bybit's response is setting a new industry standard and prompting CEXs to reassess their security measures. 💡
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