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ByBit Exchange Hack ($1.4B Transactions) - Security Researcher Explained 1. What the transaction did 2. How it could have (potentially) been prevented 3. How to spot this kind of transaction

Patrick Collins

113,726 subscribers

137,154 Aufrufe • vor 1 Jahr •via X (Twitter)

Wissenschaft & Technologie Finanzen

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12 Kommentare

Profilbild von Patrick Collins

Patrick Collinsvor 1 Jahr

You can also view it on YouTube.

Profilbild von GraniteShares ETFs

GraniteShares ETFsvor 2 Jahren

An investment in this ETF involves significant risk. Click here for more information.

Profilbild von hansfriese 🟪

hansfriese 🟪vor 1 Jahr

Best breakdown of the Bybit hack and, more importantly, the solutions to prevent such incidents in the future.

Profilbild von Patrick Collins

Patrick Collinsvor 1 Jahr

ty ser <3

Profilbild von Luzius Meisser

Luzius Meisservor 1 Jahr

Nice explanation! When we built our own multisig @aktionariat, we consciously made it immutable (no upgradable proxy) and without support for delegatecalls. These are two additional design decisions that could have prevented the Bybit attack.

Profilbild von Patrick Collins

Patrick Collinsvor 1 Jahr

@aktionariat If the hackers managed to get users to sign bad transactions, it almost didn't matter what the architecture was. For your own multi-sig, it could have just been as easy as directly sending ETH in a multi-sig TX or something.

Profilbild von thiskidkills

thiskidkillsvor 1 Jahr

Watching that video pretty well sums up why ethereum will never be the new internet soon all will go to #ICP to spend their #BTC on porn, pop culture, poker, and politics sovereignty for the zeitgeist!

Profilbild von Delvir0

Delvir0vor 1 Jahr

Awesome breakdown, especially how fast you made this

Profilbild von Blocks

Blocksvor 1 Jahr

First thing I did when I woke up to the news this morning was literally rush back and watch that video again while I pictured you doing this all day lmao 😂

Profilbild von Patrick Collins

Patrick Collinsvor 1 Jahr

It was worse with the hack this week where the users put their private key in the frontend.

Profilbild von fabriziogianni7_eth

fabriziogianni7_ethvor 1 Jahr

Clear. But how they hacked the UI ?

Profilbild von Patrick Collins

Patrick Collinsvor 1 Jahr

Still unclear as of today

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