Ethereum: The Root of the $1.5 Billion Bybit Exploit
Ethereum: The Root of the $1.5 Billion Bybit Exploit
Recently, the exchange Bybit suffered an attack that resulted in the loss of over $1.5 billion from a supposedly "cold" wallet. This incident highlights a larger issue: the complexity of the Ethereum blockchain, which can make even the most cautious institutions vulnerable to unforeseen attacks. Read more....
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2 comments
Ha! It's a Bitcoin cash advertisement. Laughable.
After a detailed examination of the situation the author is proposing Bitcoin Cash as a solution to this type of issue. The UTXO model is far superior in terms of security over ETH's account based model.