Friday, the cryptocurrency exchange scholarship was hacked for more than $ 1.4 billion in Ethereum in what cybersecurity experts call for the most important flight targeting a cryptocurrency platform.
The company based in Dubai said that the incident had occurred when the company moved funds from a “cold” portfolio – a portfolio whose private keys are kept offline for safety reasons – to an online “hot” portfolio.
“Unfortunately, this transaction was manipulated by a sophisticated attack which masked the signature interface, displaying the correct address while modifying the logic of an underlying intelligent contract”, the company said In a post on X.
The crypto investigator widely followed under the name of Zachxbt published on his Telegram page just after 10 am that he had observed suspicious outings of more than $ 1.46 billion. A subsequent position said that the striker had divided more than 20,000 ETH pieces at 48 addresses.
In a livestream To tackle the Friday incident, the CEO of Bybit, Ben Zhou, confirmed that 401,000 ETH coins had been stolen. He assured customers that other portfolios had not been affected and said that the exchange had enough liquidity to honor withdrawals and to survive the incident.
“We have experienced massive withdrawals for the last two hours, and we may currently have 10 minutes ago 4,000 pending withdrawals,” he said in the early afternoon. “Parbit is one by one supported … which means that all the money is in the wallet.”
Zhou hypothesized that the source of the compromise could have been the safe portfolio supplier, which used by Bybit for its Ethereum cold wallet.
“It could be that a safe server was hacked, but we do not know,” he said, adding that Bybit works with his safety to investigate the incident.
In an article on social networks, safely wrote: “We did not find any evidence that the official security front was compromised. However, by caution, security {Wallet} temporarily stops at certain features. “”
Before hacking, the relay would have reserve assets of more than $ 16 billion. Zhou said that the company had already obtained bridge loans to cover 80% of the stolen ETH.
The survey flight is likely to become one of the most important in the middle of a long history of large -scale robberies. DEFI platforms Ronin Network and Poly Network have each lost more than $ 600 million in hacks.
The Lazarus group of North Korea was the most prolific author of crypto exchange flights, transferring enormous amounts of funds to the chests of the Pyongyang State. The Chainalysis Blockchain Surveillance Surveillance said $ 2.2 billion in cryptocurrency was stolen by hacks last year.
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