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Ledger
February 23, 2025
Ledger Unicorn News - February 23, 2025
Following a $1.4 billion security breach at Bybit, Ledger CEO Pascal Gauthier highlights the importance of Clear Signing to prevent unauthorized transactions. Ledger is implementing this and other security measures, including Distributed Multi-Party Computation wallets, to enhance protection in the digital asset industry.
() Introduction
() Bybit's $1.4B Hack and Ledger's Reaction
In response to the recent breach at Bybit that exposed vulnerabilities within the crypto ecosystem, Ledger has swiftly ramped up its security measures to bolster protection for its users. The company announced a suite of enhancements—including advanced encryption protocols, strengthened multi-factor authentication, and continuous real-time threat monitoring—aimed at countering evolving cyber threats and preventing similar breaches. This proactive approach not only reinforces Ledger’s commitment to safeguarding digital assets but also sets a higher security benchmark for the industry as a whole.
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