Following the devastating $1.5 billion hack on Bybit, Chainflip has implemented rapid security measures to safeguard its ecosystem from stolen funds. The protocol’s new measures aim to address all exploit transactions and prevent liquidity providers from receiving stolen assets. 400,000 ETH were siphoned away in the February 21st attack, leveraging a fake email scheme to deceive Bybit executives into authorizing an unethical smart contract. Blockchain security firms collaborated with Bybit to trace stolen funds and track potential misuse. Chainflip detected a suspicious attempt to launder illicit funds on February 22nd, prompting immediate access restriction to its swap interface.