Cybersecurity

Bitcoin Depot didn't spot 50 BTC hack for three days, report

Ali Nemati7 hours ago29 sec read2 views0 listens

Bitcoin Depot failed to detect a data breach that led to the theft of over 50 bitcoins worth $3.7 million for three days after it initially occurred. This delay highlights critical vulnerabilities in cryptocurrency security and underscores the importance of real-time monitoring systems for financial institutions handling digital assets. Tech professionals should monitor Bitcoin Depot's response and any updates on their cybersecurity measures to understand best practices for preventing similar incidents.

Read the full article at Protos

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