🚨 What Exactly Happened at #ByBit?
🔎 Summary from the CEO's live update:

👉 Routine transfer gone wrong:
➡️ ByBit was performing its regular cold wallet transfer (done roughly every 3 weeks)
➡️ The transaction involved 30,000 ETH using services from SAFE and Ledger
➡️ The ByBit CEO was the final signatory; everything appeared normal with a valid URL

👉 The breach:
➡️ 30 minutes post-signature, a critical alert was triggered:
➡️ 401,000 ETH (~$... depending on market value) was drained from the ETH cold wallet
➡️ ✅ No other wallets were affected

👉 How it happened:
➡️ Hackers compromised the user interface on the signatories' devices, making the URL appear legitimate
➡️ Suspected breach of SAFE’s server

👉 Aftermath and immediate actions:
➡️ Massive user withdrawals followed, with 4,000 pending transactions at the time of the livestream
➡️ Customer funds are fully backed 1:1, ByBit confirmed