Following the largest crypto exchange breach in history, Chainflip has implemented an emergency software upgrade to prevent funds stolen from Bybit from flowing through its crosschain trading protocol. The move follows a $1.4 billion exploit that was discovered on February 21st. 🧠 🤝 Blockchain investigators, analytics firms, and other exchanges collaborated to trace and recover the stolen funds. The protocol announced the “1.7.10” upgrade on February 24th, emphasizing its goal of blocking illicit transactions and safeguarding liquidity providers from exposure to stolen funds. Chainflip explained that allowing illicit funds to flow through the platform would expose general users to risk.