Why crypto ‘audited’ badges are giving investors a dangerous false sense of security
At 1:30 p.m. UTC on Feb. 21, 2025, Bybit began moving funds from an Ethereum cold wallet to a warm wallet, the sort of routine transfer designed to make custody look boring. Authorized signers reviewed the destination on their screens and approved it, unaware that their screens were actually lying. Bybit later said…
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