Bybit Overhauls Security Amidst Record-Breaking Crypto Hack

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has unveiled a significant security overhaul in response to a record-breaking hack that impacted the platform. The hack, orchestrated using compromised external multi-signature services, did not breach Bybit’s core infrastructure but serves as a wake-up call for the entire crypto industry regarding cybersecurity threats. In the aftermath of the attack, Bybit has taken proactive steps to bolster its security framework and regain customer trust. 3D Security Framework: The Exchange’s Transformation