Bybit Hack: Anatomy, Prevention, and Self-Custody Imperative
Description
The Bybit hack serves as a crucial lesson in the world of cryptocurrency, highlighting the importance of self-custody. We explore practical tips for taking control of your crypto, emphasizing that self-custody isn't just for the tech-savvy.
• What self-custody means and why it's essential for cryptocurrency holders
• Details on the Bybit hack that drained $1.5 billion from a cold wallet
• Comparison of wallet types: hot wallets vs. cold wallets
• Importance of multi-factor authentication in securing your assets
• Steps to verify transactions and recognize phishing attacks
• The future of self-custody with emerging technologies like MPC wallets
Don't let your crypto become a casualty of insecurity. Take the necessary steps today to protect your future!
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