Bybit hack and BitMEX assurance highlight urgent need for better crypto security measures
The recent Bybit hack cause thief of $1.5 billion for digital assets, wey dem use multi-signature authorization and UI spoofing take do am. BitMEX dey reassure their users say dem get strong security measures wey include Multi-Party Computation (MPC) and dem no dey lose customer money for ten years. To prevent future things like the Bybit hack, some measures wey dem suggest na MPC middleware audits, dynamic ledger systems, post-approval auditing, and proper cybersecurity training. Dem also talk say make dem increase insurance for wallets. This thing show say cyber threats dey get more serious for crypto industry, and e dey push exchanges to put security first to protect how dem dey run things and to make investors still trust dem.
Bearish
Bybit hack don reveal big problem for inside crypto exchange wey fit make people no trust them again, wey fit make people dey withdraw their money quick quick, and this one fit scatter market stability. Even though BitMEX talk say make dem dey okay, the market fit still vex because dem dey fear say other exchange fit get the same problem, wey go make market dey go down. As time dey go, if dem take security serious, e fit bring back trust, but for now, things still dey bad as traders dey think whether dem dey safe or not.