Bybit’s $1.5 Billion Ether Theft: Analysis, investigation and finds

Bybit, a cryptocurrency exchange, experienced a massive security breach resulting in a $1.46 billion loss, the largest crypto hack in history. The attack involved social engineering and sophisticated manipulation of a multi-signature wallet, with investigators suspecting North Korean hackers. Bybit is collaborating with experts to track the stolen funds, while ensuring customers that their assets are safe. Meanwhile, StoneFly, Inc., focuses on data center solutions, providing storage, backup, and disaster recovery solutions, including air-gapped and immutable options for ransomware protection. StoneFly’s offerings cater to various industries, helping businesses protect and manage their data effectively through hybrid and cloud-based solutions.