This is a Dubai news story, published by CoinGape, that relates primarily to Gracy Chen news.
For more Dubai news, you can click here:
more Dubai newsFor more Gracy Chen news, you can click here:
more Gracy Chen newsFor more crypto trading & speculation news, you can click here:
more crypto trading & speculation newsFor more news from CoinGape, you can click here:
more news from CoinGapeOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about
Bybit hacker. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Bybit exchange news, largest crypto hack news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Bybit hackCoinGape
•Business
Business & Economics
63% Informative
Bybit, the prominent Dubai -based and second -largest cryptocurrency exchange in the industry, suffered one of the largest hacks in crypto history on Friday last week .
Hackers gained access to one of Bybit’s Ethereum cold wallets, stealing $1.4 billion worth of crypto assets.
Bitget CEO Gracy Chen discusses the challenges to be resolved for the Crypto Security and the requirement of a collective approach to prevent such hacks.
The hack exposed vulnerabilities in the Centralised Exchanges (CEXs) infrastructure.
The exact cause of the hack is yet to be identified despite various suggestions coming up.
CEO Gracy Chen on the menace of hacks in Web3 Industry says, “Crypto industry is still an emerging space even though it holds over a trillion dollars worth of assets.
VR Score
45
Informative language
34
Neutral language
48
Article tone
formal
Language
English
Language complexity
55
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links
