After penetrating the Bybit Hack last week, the co -founder of Ethereum Vitalik Buterin indicated that many people lose large quantities of encrypted currency due to loss rather than theft, but often avoid discussing it due to software defects.
Vitalik Buterin on building strong safety solutions for the wallet
Remembering: There are also many people who have lost huge amounts of encryption to * loss * instead of stealing.
Software insect, forgotten password, missing device, burning paper wallet in La Fire, its promotion device without supporting data … a lot of ways to achieve this.
because…
Vitalik.eth (Vitalikbuterin) February 28, 2025
In X Publishing, Vitalik Buterin stated that many people have lost a lot of cryptocurrency due to loss rather than theft due to the weaknesses in the software, forgotten passwords, lost devices, or the upgrade of the devices without supporting data. He added: “Because there is no striker who follows him, the victims have no strong need to talk about it.”
He stressed that the developers should take the scenarios of the loss when building strong safety solutions to the portfolio within the ecosystem for encryption. “This is also a big reason that makes me confirm a lot of social recovery,” he said.
Vitalik’s comments follow the publication of the forensic report by Safe {Wallet} regarding the last bybit penetration, which is attributed to the North Korean Lazarus group. The report faced doubts from the former CEO of Binance Changpeng ‘CZ’ Zhao.
According to the results of the Safe, the infiltrator targeted a safe developer machine, which led to a harmful treatment that drained the BYBIT wallet. The report explained that no security defects were found in SAFE or the front end. However, CZ raised many questions that have not been solved regarding the accident.
In the last update on the BYBIT penetration, Blockchain Intelligence Arkham revealed that the Lazarus portfolio has transported more than $ 240 million from ETH through Thorchain, with funds mainly transferred to the original BTC.
Also read: COBO launches the joint signature service {wallet} for encryption transactions
