Post
Topic
Board Bitcoin Discussion
Re: Has the reputation of mixers really gone too bad?
by
Felicity_Tide
on 24/02/2025, 08:32:18 UTC
This clearly has nothing to do with the mixers. We should rather be concerned about how the hackers managed to pull such an hack. I have been following up with the story for a while now, and It still doesn't make any sense to me how a multi-signature cold wallet got hacked. That wallet I assume should even be safer than that of an average user who uses a standard wallet with a single private key. If such a trick could be pull off with a muti-sig, then what is the fate of those who uses a standard wallet?.

At the end of the day, the hack was probably to remind us that even those we entrust with our coin are not as perfect as we think.

My biggest concern about this bybit hack is the inconvenience it will cause to those that have huge stack of coins especially ETH because most of them will likely get their funds frozen too when the intend to move it.

That's the problem now.
I just saw a news that "Bybit confirms it has successfully frozen $42.89M in stolen funds within 24 hours". How sure are they that all the frozen funds were stolen?. They really need to take things easy on their user, how channel more energy to strengthen their security.