Bybit Resolves Apple ID Security Flaw After User Funds Froze – Coincu
The post Bybit Resolves Apple ID Security Flaw After User Funds Froze – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Apple ID vulnerability halted withdrawals on Bybit. User’s account regained after support contacted. No broad impact seen on Bybit’s platform security. A reported Apple ID vulnerability on Bybit left over $100,000 in funds stuck for one user after real-name authentication was tampered with. The issue was flagged by crypto KOL “Hmm” and resolved through Bybit’s support. Bybit’s swift resolution of an isolated security breach reassured platform users of effective support interventions. No wider impact on asset security or market confidence noted. Bybit’s Response to Apple ID Security Breach The Apple ID vulnerability on Bybit surfaced when a user’s real-name authentication was inexplicably altered. The tampered verification impaired their withdrawal process after the facial recognition failed, effectively freezing over $100,000 in funds. Crypto KOL “Hmm” highlighted this incident, showcasing the informative role played by the cryptocurrency community. Bybit’s support team promptly resolved the incident, assisting the affected user to regain account access. The issue, concentrated on a single account and lacking evidence of a more widespread security breach, reflected Bybit’s capacity to handle security issues adeptly. “The Apple ID login vulnerability resulted in user account authentication being tampered with and blocked withdrawals, but after verification and official support contact, the issue was resolved and the user regained access.” — Hmm, Crypto Key Opinion Leader Market Context and Expert Analysis Did you know? In February 2025, Bybit faced a $1.5 billion heist impacting Ethereum (ETH) assets, causing widespread withdrawals—a stark contrast to the isolated Apple ID incident. Ethereum (ETH) holds a current value of $2,460.12, supported by a market cap of $297,004,175,398 and making up 8.97% of total market dominance according to CoinMarketCap statistics. Despite recent volatile movements with a 54.39% spike over the last month, a 0.69% dip was noted in the past 24 hours. Ethereum(ETH), daily chart, screenshot…
Filed under: News - @ May 18, 2025 7:25 pm