NEWSLETTER
In a development that could have a significant impact on the price of ethereum, the exchange of cryptocurrencies bybit has confirmed a great safety rape that involves its cold eth wallet.
In a recent publication on the social media platform x (previously twitter), the exchange revealed that, according to the reports, the incident occurred during a transfer of the COLD Multisig wallet to a warm wallet, where a “sophisticated attack” manipulated the process of transaction.
Bybit confirms the unauthorized transfer of 400,000 ethereum
<a target="_blank" href="https://x.com/Bybit_Official/status/1892965292931702929″ target=”_blank” rel=”noopener nofollow”>According For Bybit, the attacker was able to mask the signature interface, which showed the right direction by modifying the logic of the underlying intelligent contract.
This deception allowed the hacker to obtain control of the affected cold wallet, which leads to the unauthorized transfer of significant eth holdings to an unidentified address.
The magnitude of the violation is substantial, with estimates that suggest that approximately $ 1.44 billion in assets were withdrawn, including 401,347 eth valued at around $ 1.12 billion.
Additional assets <a target="_blank" href="https://x.com/OnchainLens/status/1892964703263244377″ target=”_blank” rel=”noopener nofollow”>including 90,376 Steth, with a value of $ 253.16 million; 15,000 CMETH, valued at $ 44.13 million; and 8,000 methamphetamine, for a total of $ 23 million.
CEO Ben Zhou confirms that customer funds are safe
In response to rape, Bybit has mobilized his security team in collaboration with the main Blockchain forensic experts to thoroughly investigate the incident.
The exchange has also extended an invitation to other teams with experience in blockchain analysis and the recovery of funds to help track poorly appropriate assets.
Ben Zhou, co -founder and CEO of The Exchange, approached the situation, addressed the situation, <a target="_blank" href="https://x.com/benbybit/status/1892965964909863315″ target=”_blank” rel=”noopener nofollow”>emphasized That all the other cold wallets remain safe and that the client's funds are safe. Zhou assured users that operations continue as normal, with retirement processes not affected by the incident.
“The only cold wallet that was pirated was the eth Cold wallet,” Zhou said, reinforcing the message that Bybit remains solvent and capable of covering losses, since all customer assets are “backed uniquely.”
After security violation, eth experienced a 5% drop to $ 2,675, but has returned to the level of $ 2,766.
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