Sygnum expanded its custody services amid market concerns following Bybit $1.4 billion exchange hack

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Sygnum expanded its custody services amid market concerns following Bybit $1.4 billion exchange hack

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Traders received an unwelcome reminder of the dangers in keeping their assets on an exchange last month with the $1.4 billion hack of Bybit by North Korean Group Lazarus.

On March 5, Sygnum announced the expansion of Sygnum Protect, its off-exchange custody platform, to include Deribit, one of the world’s largest derivatives exchanges in crypto.

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Crypto news