A naukri.com initiative
TronWeekly
1M
91
Image Credit: TronWeekly
Adam Back Blames Ethereum’s EVM for Bybit’s $1.4B Crypto Heist
- Bybit lost $1.4 billion worth of Ethereum in a massive security breach.
- Adam Back blamed Ethereum’s Virtual Machine for enabling the hack.
- He criticized EVM’s complexity for making transactions vulnerable to exploits.
- Bybit transferred Ethereum from its cold wallet to a hot wallet, enabling hackers to drain the funds using blind signing and manipulations.
Read Full Article
5 Likes
For uninterrupted reading, download the app