Bybit And Safe Wallet

Cobo on the Bybit Hack: Safe Wallets Are Only Safe-ish

The recent $1.5 billion hack of cryptocurrency exchange Bybit has spotlighted vulnerabilities in the Safe{Wallet} system, challenging assumptions about the security of multi-sig wallets. ​ On February 21, 2025, Bybit suffered a massive security breach resulting in the theft of approximately 400,000 Ethereum tokens, valued at $1.5 billion. This incident is considered the largest digital […]

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