Chainflip Upgrades to Secure Crypto Against Illicit Funds Following Bybit Hack

In response to the recent Bybit hack, Chainflip, a prominent cross-chain automated market maker (AMM), has announced an urgent upgrade to bolster its security. This proactive measure aims to safeguard liquidity providers and ensure the overall integrity of the platform. The upgrade will expand Chainflip’s ability to identify and block suspicious transactions, stemming from the Bybit hack, that attempted to flow through the system. This strategic action highlights Chainflip’s commitment to maintaining a secure environment for its users, particularly in light of recent cyber threats in the crypto space.