Most crypto exchanges are vulnerable by design, says ByBit CEO

Most crypto exchanges are vulnerable by design, says ByBit CEO

He isn’t surprised attacks happen. Crypto exchange security is once again in the news after hackers breached KuCoin. But this shouldn’t surprise people as exchanges are vulnerable by design, according to ByBit CEO Ben Zhou. Zhou told Cointelegraph that exchanges act as a single point of failure. As a centralized web application, exchanges are susceptible to the same security issues as all other websites. Security becomes even more important as investors and traders are increasingly taking exchanges to task to protect funds. The vast majority of crypto exchange servers and storage networks,....


Related News

ByBit: Exciting Welcome Rewards of up to $20 BTC Await

Looking to kick start a crypto journey? It’s never too late to sign up for a Bybit account to join a global community of traders. Not only does ByBit offer beginner-friendly products and services, but a person can also earn up to $20 worth of BTC when they register and complete tasks on Bybit. Bybit Evergreen Campaign Sounds like a good deal? No doubt it is. Here’s the steps to follow: Step 1: Register for an account on Bybit Step 2: Verify identity via KYC Level 1 Step 3: Make a first-time deposit or trade....

ERTHA Listing on ByBit

Ertha Metaverse, one of blockchain gaming’s most talked about metaverses has today announced the listing of the ERTHA token on another of the crypto industry’s top exchanges – ByBit. With over 5 million registered users across the globe, ByBit is a fantastic fit for Ertha. In addition to being one of the fastest-growing cryptocurrency derivatives […]

ERTHA Listing on ByBit

Ertha Metaverse, one of blockchain gaming’s most talked about metaverses has today announced the listing of the ERTHA token on another of the crypto industry’s top exchanges – ByBit. With over 5 million registered users across the globe, ByBit is a fantastic fit for Ertha. In addition to being one of the fastest-growing cryptocurrency derivatives exchanges, ByBit provides an efficient, transparent, and innovative trading environment for its users. By listing on ByBit during challenging market conditions, Ertha aims to strengthen its position as one of the leading....

Gensokishi Online Partners With Crypto Exchange Bybit for Launchpool and Listing

PRESS RELEASE. Taipei: Metaverse (MV), a token of the GensoKishi Online Project , has partnered with Bybit, a leading crypto exchange that provides Crypto currency-related services globally, and announced its listing. Bybit is one of the world’s largest cryptocurrency exchanges, trusted by traders around the world. Metaverse (MV) to be on launch pool and listing on Bybit As a result of this partnership, Metaverse (MV) will be launched and listed on Bybit. Launch pool starts: January 19: Bybit Listing on Bybit: January 27 ....

Bybit Integrates With Cabital’s Fiat On-Ramp Gateway For Fair Crypto-Rates

Cabital, a leading digital assets institution, announced that one of the fastest-growing cryptocurrency exchanges Bybit has integrated with Cabital’s comprehensive fiat on-ramp solution. Cabital’s flexible, secure, and fast fiat-to-crypto on- and off-ramp solution allows Bybit users to buy crypto at some of the most competitive rates in the industry without leaving Bybit’s platform. Related Reading | Small […]