ilmscore | Prediction Details
"if multi- signature cold wallets at a major exchange with a previously spotless security record aren't safe then our best security practices may need updating Although the methods used in this case were comparable to those used against Wazer X last year So perhaps the industry should have learned a lesson back then and switched to multi-party computation wallets which might have prevented the bybit hack"
By Coin Bureau | April 3, 2025 | Pending
From video
$1.5B ByBit Hack Explained: The Biggest Crypto Heist in History! 00:20:04 - 00:20:29
Interpreted Prediction
The Bybit hack suggests that current multi-signature cold wallet security practices are insufficient, and the industry should consider adopting multi-party computation (MPC) wallets to prevent similar future incidents, learning from the Wazir X hack.

Prediction Details

Topic
Industry Security Practices Update

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