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Chainflip plans upgrade to block Bybit hackers

  • Chainflip announced the 1.7.10 upgrade to block Bybit hackers and other illicit flows on its decentralized exchange protocol.
  • The decision to deploy the upgrade is to protect the interests of ordinary users and prevent exposing liquidity providers to too much risk.
  • The upgrade expands a broker-level screening feature to reject high-risk Bitcoin deposits to Ethereum and ERC20 tokens.
  • Chainflip developers have written most of the code, and testing and deployment are expected to go live within 24 to 72 hours.

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