The week in web3 crossovers: Axie Infinity joins the App | TheBlockchainCryptoAmazon on Binance Square

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The week in web3 crossovers: Axie Infinity joins the App Store, Pudgy Penguins debut on Amazon.whats more to expect? How does it mean bullish for axie infinity ?
#dyor

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The $1.4B Bybit Hack: What It Teaches Us About Crypto Security 🚨 On February 21, 2025, Bybit—one of the world’s top crypto exchanges—lost $1.4 billion in Ethereum and assets to a hacker. This wasn’t a brute-force break-in; it was a masterclass in deception targeting their multisig wallet, a "secure" system needing multiple keys to unlock. Here’s how it went down: 🔑 The Setup: Bybit was moving funds from their cold multisig wallet (offline storage) to a warm wallet for daily use. Routine stuff—until it wasn’t. 💻 The Exploit: The hacker swapped the real wallet interface with a fake one. The team thought they were signing a legit transfer, but they approved a sneaky smart contract that handed the keys to the attacker. 💰 The Heist: In one swoop, 401,347 ETH, plus stETH and more, vanished—worth $1.4B. The funds were split across dozens of wallets to dodge tracing. 🕵️‍♂️ The "Hacker "How’d They Know? The hacker likely studied Bybit’s blockchain patterns, used phishing to spy on signers, or even had insider tips. Months of prep paid off with perfect timing. 🔒 Multisig Myths: These wallets sound bulletproof, but weak spots like human error, fake UIs, and tricky code can crack them open. 📈 Lessons for Us. ✅ Double-check every transaction—screens can lie. 🌐 True cold storage stays offline, period. ⚠️ Phishing is crypto’s oldest trick—stay sharp. 🗝️ “Not your keys, not your funds” still rules. 💡 Bybit’s solvent (for now), but this hack shakes trust in exchanges. Are centralized platforms worth the risk? What’s your take? #Crypto #blockchain #TechLessons #surdatics #bybithack

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very resourceful read on #TON.

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who else is bullish on #TROY

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