DubaiThe UAEand June 4, 2025 / PRNEWSWIRE/ – PipeThe second largest exchange of encrypted currencies in the world through trading, writes a new page from the security security book on the Central Exchanges (CEX) in its battle against electronic attacks. Regardless of the task of recovering the continuous funds, Bybit revealed the renewal of three -dimensional handrails: security audits, the fortification of the portfolio, and the upgrade of Infosec.
In February, Bybit was subjected to an advanced multi -stage attack, which was found to be The largest penetration known as Crypto. Although the penetration, caused by a multi -signed external service, did not penetrate the BYBIT or basic security infrastructure, the stock exchange has taken additional steps to enhance the preparation of security and the safety of the statute. When approaching the challenges from three main aspects, Bybit is proactively raised the safety standards in the weeks that followed.
1. The final gaps: security audits
While he is still recovering from the penetration, Bybit immediately sought to make reviews of its systems and operations simultaneously. Within a month of penetration, Bybit concluded Nine security audits It was conducted by internal specialists and independent external experts, and it was implemented More than 50 new security scales And recommendations.
2. Safe cold wallet solutions
At the time of the accident, Bybit follow the best practices in the industry in the safety of the wallet. However, the event showed the intensity of cyber security arms race, as the most powerful piracy groups entered the scene. Since then, bybit has adopted a more striking cold wallet solutions to reduce the surface of the attack to reinforce Proceduraland AlgorithmAnd Devices safety. The three -dimensional framework includes an OSP (Operating Safety Carrying Carrying out) permit that imposes full supervision of experts by security experts, increased portfolio protection using MPC model (multilateral account), and unifying HSM security units to achieve hardware safety.
3. Each encrypted: Infosec is a banking degree
As a pioneer in the coded currency area, built bybit in Crypting hypothetical. Bybit is accredited by ISO/IEC 27001 to manage its information security risks, the highest level in the sector adopted by major financial institutions. All connections are encrypted from one side to the tip, including unwanted exchanges, as file systems are improved to encode data in the rest.
He said: “In security, we are only strong like our weakest link. Bybit has doubled from strengthening our platform and actions in the past two months in response to an increasingly difficult security scene.” Ben ChuParticipant founder and CEO of bybit. He said: “We will continue to provide safe and easy -to -use trading solutions that rise to the level of our customers’ expectations.”
The most severe hacking of the Crypto piracy was brief, as bybit was able to stay completely during Achieving a record number of withdrawals In the first 12 hours. The stock exchange absorbed the damage and customer assets classified from the accident. Searching for stolen money continues on an open platform led by bybit to track illegal funds, Lazaros PonteWhere it is over $ 2.3 million In reward rewards have been distributed so far.
Bybit also appeared with Complete transparency Including new Proof of the presidency Exercises, and regained their leading positions through the standards, and achieve them No. 1 in capital flows between CEX in March. accident Kaiko report Recovery for 30 days, which indicates the flexibility of the bybit liquidity. However, the long -term effect will send ripples across the industry as CEX is obliged to think about their security management and their risks and remain a step away from harmful actors.
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About bybit
Bybit is the second largest exchange of cryptocurrency in the world through trading size, as it serves a global community of more than 70 million users. Founded in 2018, bybit redefines openness in the decentralized world by creating a simpler and equal environmental system for all. With a strong focus on Web3, Bybit is strategically inconsistent with the leading Blockchain protocols to provide a strong infrastructure and drive innovation on the chain. She is famous for her safe custody, various markets, anchor user experience, advanced Blockchain tools, embodies the gap between Trafi and Defi, empowering builders, creators, and lovers to cancel the full capabilities of Web3. Discover the future of decentralized financing in Bybit.com.
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