Crypto’s largest heist part 1: The billion-dollar blind spot

Quick Summary:

Bybit, once considered one of the most secured CEXs, suffered a massive attack, with experts pointing fingers at Lazarus Group as the likely culprit.

The post Crypto’s largest heist part 1: The billion-dollar blind spot appeared first on CoinGeek.

Even multi-signature wallets, hailed as a gold standard in digital asset security, ultimately depend on fallible human operators.

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Article Details

Author / Journalist: Adair Snipes

Category: Crypto

Markets: CanadaGermanyNorth KoreaMaliSingapore

Topics: ZachXBT Cybercrime Hack Business Ben Zhou Bybit Multi-signature Wallet Ethereum Lazarus Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 10:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1083 words

Reading Time: 7 minutes read

Sentences: 45 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 26473489

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News Last Updated: 9 hours ago

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