Owing to the crypto market’s immense dynamism, security practices that were once considered gold standards have tended to become outdated quite quickly, especially as miscreants have continued to devise increasingly sophisticated infiltration techniques.
To this point, February 2025 marked a pivotal moment in the industry’s security evolution as Bybit, one of the world’s largest cryptocurrency exchanges, experienced a $1.5 billion heist — making it one of the largest digital asset thefts in history.
However, what made this incident particularly significant was not just its unprecedented scale, but how it seemed to challenge many of the fundamental assumptions most experts held about crypto security.
For example, the combination of cold wallets and multi-signature (multisig) protocols has historically been viewed as an impenetrable pairing. However, considering Bybit was using the same standard has prompted a necessary industry-wide reassessment of security practice
We współpracy z: https://cryptodaily.co.uk/2025/04/looking-beyond-multisig-and-how-the-recent-bybit-incident-is-reshaping-cryptos-security-ethos
