Bybit’s February breach stands as one of the largest crypto hacks, with approximately $1.4 billion in digital assets compromised. The breach is a stark reminder of the scale of such incidents. Bybit, post-breach, undertook extensive steps to repair its security posture through audits and operational upgrades. It successfully restored platform liquidity within 30 days.
The incident is an excellent example of resilience in action. It is also a stark reminder of the scale of such breaches. Bybit’s February breach ranks among the largest crypto hacks, compromising roughly $1.4 billion in digital assets. The incident serves as a stark reminder of the scale of such breaches and the ongoing need for robust security across exchanges.
In response, Bybit undertook extensive audits and operational upgrades to repair its security posture. The firm implemented enhanced controls and governance measures to prevent recurrence and to safeguard user funds. Liquidity on the platform was restored within 30 days, illustrating resilience in crisis management and the importance of rapid remediation.
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