Uncovering Bybit Exploit Reveals Vulnerabilities in Centralized Crypto Exchanges

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Uncovering Bybit Exploit Reveals Vulnerabilities in Centralized Crypto Exchanges

The recent Bybit security breach has once again highlighted the vulnerabilities of centralized exchanges. This incident serves as a stark reminder of the risks associated with trusting third-party entities to safeguard users’ assets. Centralized exchanges have long been a target for hackers due to their centralized nature, which provides a single point of failure. The lack of decentralization means that if the exchange’s security measures are co…