The content discusses the recent $1.4 billion exploit on Bybit and the response from security and infrastructure firms claiming they could have prevented it. The FBI has confirmed that the attack was carried out by North Korea's Lazarus Group. It was revealed that the attack targeted Bybit's Safe{Wallet} setup, specifically a developer's machine. By injecting malicious code into the transaction signing interface, attackers were able to deceive signers into approving a fraudulent transaction. The article emphasizes that this attack was predictable due to the crypto industry's blind-signing problem. The former CEO of Binance raised questions about the security measures in place and lessons to be learned. Several companies claimed that their products could have prevented the exploit, but the article states that UI trust is the biggest security hole.



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