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Bybit theft incident: Do you believe it was done by hackers, or was it an insider job?
Even with a multi-signature cold wallet (3 signatures), it was still stolen...
Is the (cold wallet) really safe?
Do you believe it was done by hackers, or was it an insider job?
Explaining the Bybit hot wallet theft incident in simple terms (the whole process was like robbing a bank):
Step one [Forge fake keys in advance]
A thief secretly built a 'fake key factory' (malicious program written by hackers) on February 19, 2023, but hadn't acted yet, like a robber digging a tunnel in advance but not entering the bank.
Step two [Swap identities]
Key point: Bybit's wallet is like a high-end safe, requiring three keys to open simultaneously for security.
Is the (cold wallet) really safe?
Do you believe it was done by hackers, or was it an insider job?
Explaining the Bybit hot wallet theft incident in simple terms (the whole process was like robbing a bank):
Step one [Forge fake keys in advance]
A thief secretly built a 'fake key factory' (malicious program written by hackers) on February 19, 2023, but hadn't acted yet, like a robber digging a tunnel in advance but not entering the bank.
Step two [Swap identities]
Key point: Bybit's wallet is like a high-end safe, requiring three keys to open simultaneously for security.
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