New measures, audits, liquidity recovery

By trading volumes, BYBIT, the world’s second largest cryptocurrency exchange, has announced a broad overhaul of its security infrastructure following the catastrophic cyberattack that took place on February 21.

On that occasion, the exchange was sacrificed $1.4 billion hackmainly involved ERC-20 token, Liquid Staking Etherand the mantle is taken eth(meth).

The incident marked one of the most serious security breaches in the history of the crypto sector. To respond to attacks, Bybit has launched a multi-faceted strengthening plan with the aim of preventing future attacks and restoring user trust.

Three-phase security plan for Bibit

The month after the attack, Bybit completed more 9 Security Auditsinvolving both its internal team and independent experts.

These checks led to the implementation of 50 new security measuresit aims to strengthen vulnerable points that appear during attacks.

According to what the company said on June 4th, the revision plan is based on three basic pillars. Safety control, Wallet fortressand Improved information management.

On the hardware front, BYBit has significantly improved the protocol cold walletIntroduce new operational procedures involved, Continuous supervision by security experts At all stages of wallet management.

moreover, Multilateral calculations This technology allows for advanced protection of encryption keys and uses technology to reduce the risk of compromise.

Hardware Security Module It is integrated to ensure a higher level of protection.

Bibit has obtained ISO/IEC 27001 certifiedthe international standard for information security management.

The exchange said it would do so again. Encrypt all internal and external communicationsEnsure the highest confidentiality and integrity of your information, including customer data.

Despite the level of attack, Bybit manages to do something Recovers almost completely from previous fluidity levels.

A key role in this process was played by the Lazarusbounty Initiative, a program launched to track stolen funds and encourage community collaboration.

As of today, More than $2.3 million rewards It is distributed through this program, which continues to monitor the movement of stolen tokens.

Liquidity rebound for bitcoin and altcoin

According to the report of quaiBitcoin market depth on Bibit – measured within 1% of the price – has returned to daily average $13 million Just 30 days after the attack.

Altcoin’s liquidity, although at a slow pace, also shows signs of recovery. Over 80% of pre-hack level.

The determinant of liquidity stabilization is the use of retail price improvement (RPI) orders. This is a feature designed to attract. Institutional mobility.

These orders helped to maintain a stable market situation during a period of increased tensions, improved price efficiencies and offset temporary reductions in liquidity other than RPI.

Bibit highlighted the need to address a new generation of cyber threats, in addition to strengthening its technology infrastructure.

According to a spokesman for the exchange, hackers are Shifting the focus from protocol exploits to human errorcurrently considered The weakest link in the security chain.

Modern attacks are becoming more refined, with cybercriminals posing Big brand or known protocolsDeceive users and operators Social Engineering technique.

The code is no longer the main target

Long Igag, co-founder of Blockchain Security Company certikconfirms this trend and explains the evolution of attack vectors.

This means that it’s not like that anymore Smart Contract or Blockchain infrastructure It represents a weakness, Human behavior.

This new reality requires a paradigm shift in cybersecurity. Locking down the code is not enough. Educate and train users Recognise and prevent increasingly sophisticated attempts at fraud.

With the implementation of Detailed Audit, New protection technology, International certificationand active Fund recovery programBybit demonstrates a rapid and structured response to one of the most serious crises in its history.

Restoring liquidity and transparency in communications with users is a clear signal of exchange motivation Regaining market trust It strengthens its position in sectors increasingly exposed to complex threats.

In the ever-evolving cryptographic landscape, Bibit acts as a warning for the entire ecosystem. Security is never finaland Resilience It is built with constant investment, innovation and awareness.