Bybit News: Fireblocks Launches Cyber Security Solution to Aid DORA Compliance Amidst Heightened Crypto Security Threats

In a move to address the pressing issue of cyber security in the cryptocurrency industry, Fireblocks, a leading crypto custody specialist, has unveiled a new solution designed to help firms comply with Europe’s Digital Operational Resilience Act (DORA). This comes as the Act took effect in January 2025, imposing stricter regulations on digital operational resilience.

Fireblocks Unveils Cyber Security Tools for Europe’s DORA Compliance

Crypto custody specialist Fireblocks has introduced a cyber security solution to aid firms in complying with Europe’s Digital Operational Resilience Act (DORA), which took effect in the EU in January 2025. Cyber security remains a persistent challenge, especially for crypto companies more prone to attacks and losses than traditional financial firms. This was highlighted by the recent large-scale hack of leading crypto exchange Bybit. Alex Jilitsky, Cyber GRC Director at Fireblocks, noted that DORA does not differentiate between small crypto firms and large banks, requiring all to enhance their resilience.

Dogecoin Price Dips 13% Amid Market Downturn Triggered by Bybit Hack

The much-anticipated altcoin season has hit a snag, with Dogecoin’s price dipping over 13% in the last 24 hours. The price is now around the $0.19 zone, and bulls are struggling to sustain support at $0.20. This market-wide downturn was triggered by a $1.5 billion Bybit hack that sent a wave of panic across most altcoin projects. Meanwhile, a new altcoin, Rollblock’s RBLK, remains unscathed, raising over $10.8 million in its presale.