Bybit News: Human Wallet Introduces Enhanced Security Measures Following Bybit Breach

In the wake of the recent $1.5 billion Bybit breach, which underscored vulnerabilities in transaction approvals, Human Wallet has stepped up to provide a safer alternative for Web3 transactions. Here’s a closer look at their new security measures.

Human Wallet Ends Blind Signing for Secure Web3 Transactions

Human Wallet has introduced its Web3 wallet into public alpha testing to prevent blind signing risks for users. The new security update comes after the recent $1.5 billion Bybit breach, which highlighted weaknesses with transaction approvals. Human Wallet utilizes two-party computation (2PC) technology, trusted execution environments (TEEs), simulated transactions, and hardware wallets to safeguard against potential threats. Transaction previews are exclusive to secure hardware wallets through the wallet system, preventing compromised interfaces from altering the transaction data. Users can access alpha testing by downloading the Human Wallet browser extension from the Chrome Web Store.

Hedera (HBAR) Price Prediction for March 11

Over the last 24 hours, the price of HBAR has dropped nearly 5.5%, initially falling below $0.2 but recovering slightly toward $0.2 after facing minor buying demand. The lowest price recorded was around $0.178. Hedera’s trading volume surged 22.5% to $560 million in the last 24 hours. Looking at a longer timeline, the price has been decreasing since December 3, when it dropped below $0.39, and crashed heavily on February 3, dropping below $0.2. The recent hack in Bybit consolidated the price below $0.2. In the last 24 hours, Hedera’s market capitalization dropped by 4.51% to $8.43 billion. HBAR’s funding rate has also touched negative.