Bybit News: Human Wallet Launches Alpha Testing for Blind Signing Attack Fix Following Bybit Hack

In a major development following one of the largest cryptocurrency security breaches, Human Wallet has taken a significant step towards enhancing wallet security. Here’s a closer look at the new alpha testing initiative aimed at addressing the blind signing vulnerability.

Human Wallet Introduces Fix for Blind Signing Attacks

In the wake of the largest-ever cryptocurrency security breach, Human Wallet has launched a potential solution to the blind signing vulnerability that led to Bybit’s $1.5 billion hack. The wallet provider has opened alpha testing to the public, offering users a chance to evaluate its new security approach that targets blind signing—a vulnerability where users approve transactions without fully understanding their contents or implications. The alpha release comes at a pivotal moment when trust in cryptocurrency security has been severely shaken by the Bybit incident.

OKX Denies Involvement in Bybit Hack Investigation

OKX has refuted claims that the EU is investigating its involvement in the recent Bybit hack, where approximately $1.5 billion in Ethereum was stolen. The security breach occurred during a routine transfer from Bybit’s offline ’cold’ wallet to a ’warm’ wallet for daily operations. Hackers manipulated the transaction, gained control of the cold wallet, and transferred 401,000 ETH to an unidentified address. This incident is one of the largest digital heists to date, shaking market confidence.