Cryptocurrency Q&A
What is wrong with Bybit?
What is wrong with Bybit?
Chiara
Wed Mar 19 2025
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6
answers
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I've been hearing some negative things about Bybit recently and I'm wondering what the issues are. Is it something related to their security, customer service, or maybe their trading platform? I'd like to know what's wrong with Bybit before I consider using it.
6 answers
Stefano
Fri Mar 21 2025
Specifically, the issue arose during the transfer between cold and hot wallets.
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SamuraiWarriorSoulful
Fri Mar 21 2025
The Bybit incident highlighted a critical vulnerability in the transaction signing process.
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SejongWisdomKeeper
Fri Mar 21 2025
This flaw allowed for insecure signing practices that compromised the safety of funds.
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Michele
Thu Mar 20 2025
Blind-signing was identified as a significant contributor to the incident.
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Skywalker
Thu Mar 20 2025
In secure transactions, multi-signature approval is a crucial safeguard against unauthorized access.
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