Chainflip Plans Upgrade to Block Bybit Hackers from Using Its Platform

Description

Chainflip, a cross-chain decentralized exchange (DEX), is preparing a protocol upgrade aimed at preventing hackers responsible for the recent $1.4 billion Bybit hack from using its platform to launder stolen assets. In an announcement , Chainflip Labs emphasized the importance of protecting liquidity providers (LPs) and regular users from illicit activities. “The broad and overwhelming consensus amongst the Chainflip ecosystem is that illicit flows endanger the protocol by exposing LPs to too mu...