🚨 BYBIT $1 BILLION HACK BOUNTY SOLVED BY ZACHXBT

zachxbt submitted definitive proof that this attack on Bybit was performed by the LAZARUS GROUP.

#BYBIT #HACK #ZACHXBT #bounty

💥ByBit Hack💥: ‘The largest crypto theft of all time’

Bybit Hackers Move 490,000 ETH Across 49 Addresses, 15,000 cmETH Still Pending Unstake

🚨 BREAKING 🚨

BYBIT FOUNDER SAYS EVEN IF THIS
$1.46 BILLION HACK IS LOST, BYBIT
IS SOLVENT.

🚨 RUMOR 🚨

BYBIT WILL BUY $1.5 BILLION WORTH
OF $ETH TO COVER HACK LOSS.

BREAKING 💥 Crypto exchange Bybit confirms hack as over $1.4 billion worth of ETH leaves wallets

Bybit, the Singapore-based centralized crypto exchange, appears to have been hacked. Early estimates suggest the exchange has lost over $1 billion worth of ETH and significant quantities of other tokens, though the investigation is ongoing.

"Bybit ETH multisig cold wallet just made a transfer to our warm wallet about 1 hr ago. It appears that this specific transaction was musked, all the signers saw the musked UI which showed the correct address and the URL was from Safe. However the signing message was to change the smart contract logic of our ETH cold wallet,"

Bybit co-founder and CEO Ben Zhou posted to X. "This resulted Hacker took control of the specific ETH cold wallet we signed and transferred all ETH in the cold wallet to this unidentified address. Please rest assured that all other cold wallets are secure. All withdraws are NORMAL."

On Tuesday, the exchange announced it would be performing scheduled maintenance on its live server today stretching into tomorrow, which caused controversy as security researchers looked into the suspicious transactions.

The attacker then moved the majority of the funds to a second address, 0xa4b2, which swaps funds using decentralized exchanges, including Uniswap, Paraswap, and KyberSwap.

ByBit says its other hot and cold wallets are unaffected, and only their ETH wallets were impacted. "Bybit is Solvent even if this hack loss is not recovered, all of client assets are 1 to 1 backed, we can cover the loss," Zhou also post

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BREAKING: Recently hacked Indian 🇮🇳 crypto exchange
WazirX India pauses trading and says ‘The path to a total recovery of 💰 $230m will be longer’.