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ByBit hack after all the dust has settled. Preventable by Safe Guards

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by COINS NEWS 28 Views

Gm all,

After the dust has settled on the ByBit hack, what did we really learn? There seems to have been a lot of reporting around the hack, but not many actual lessons were discussed.

One of the interesting factors around the hack was not caused by a smart contract vulnerability, but social engineering. Starting with a compromised dev machine, the attacker gained AWS access and deployed malicious frontend code over a two-week period.

Bybit seemed to have not really taken much heat since it was the biggest hack in history. I can think of hacks that were nowhere near as big that received much more of a backlash. WazirX springs to mind for example.

It seems that this could have quite easily have been avoided if some of the features of Safe were utilised on the side of Bybit. What do you think about everything months on from the biggest hack in history?

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