DECODED – Why $1.46B walked out of Bybit & the phishing lesson from Tuscany Lightning Summit in Viareggio
At the Tuscany Lightning Summit 2026 in Viareggio, our CTO Francesco Baccaro stood in front of some of the most paranoid engineers in the Bitcoin ecosystem and told them their cryptography wasn’t the problem. The $1.46B Bybit heist, the rise of Permit and EIP-7702 phishing, and a hard truth the crypto industry keeps ignoring.











