brypto

Bybit confirmed hacked. 

Withdraw all assets to be safe until this blows over.

https://x.com/benbybit/status/1892963530422505586

$1.4 BILLION worth of ETH lost in the Bybit hack

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨  401,346 #ETH (1,133,327,423 USD) transferred from #Bybit to unknown wallet

https://t.co/z6xWcFxR4H

Whale Alert

$1.4 BILLION worth of ETH lost in the Bybit hack

https://x.com/whale_alert/status/1892942860686610609?s=46&t=LNZpH03544B952EdXOUs2w

https://x.com/benbybit/status/1892969284587966869 being a custodian pays well

Bybit is Solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss.

Ben Zhou

Stay Curious // iixii // Lazer Technologies // Prev: CoinDesk, Roc Nation // based

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

This has happened before, in the past a lot of customers *gained* confidence when their exchange got hacked and covered the loss. It'll hurt a bit but not sure it's a death knell. We'll see.

Yeah I think Bybit will survive but lots of people will withdraw and their reputation will be forever harmed.  Don't think it's a contagion situation but we'll see.

Biggest crypto hack ever.