police

Bybit exchange hacked, over $1.4 billion in ETH-related tokens drained.

A hacker took control of an ETH cold wallet on the Bybit exchange on Feb. 21, stealing over $1.4 billion in funds in the process.

Cryptocurrency exchange Bybit has been hacked for over $1.4 billion in liquid-staked Ether 
STETH
$2,652.38
,Mantle Staked ETH (mETH) and other ERC-20 tokens, according to onchain security analyst ZachXBT, who spotted the incident shortly after it occurred.

Following the exploit, the onchain sleuth warned users to blacklist addresses associated with the hack. Bybit co-founder and CEO Ben Zhou confirmed the incident and provided an update on the security breach.

Zhou confirmed that a transfer was made from the exchange’s multisignature wallet to a warm wallet approximately one hour prior.

The CEO said the specific transaction was masked to appear legitimate but contained malicious source code designed to alter the smart contract logic of the wallet and siphon funds. Zhou reassured customers:
👇go to👇

😀 🥲 🫢 🤐 🤨 😐  1,400,000,000  ???

Digital Artist and Builder with a passion for art, design, and app development.  Also a cryptocurrency analyst.

thank 100$ degen I'm going to withdraw my crypto from there