Bybit CEO confirms that the exchange has been hacked for $ 1.46B, pressing crypto prices
The Cryptocurrency Exchange Bybit has experienced a $ 1.46 billion worth of “weak -suspicious flow,” according to Blockchain Sleuth Zachxbt.
The wallet in question appears to have sent 401,346 ETH ($ 1.1 billion) as well as many other iterations of staked ether (steth) in a fresh purse, now that Meth and Steth are liquid in decentralized exchange, Ethercan Shut up. The purse sells nearly $ 200 million worth of steth to this day.
Ben Zhou CEO Bybit Write to x That a hacker has “controlled the specific Eth Cold wallet and moved all ETH to the cold purse to this anonymous address.”
“Please ensure that all other cold wallets are safe. All retreats are normal,” he added.
“My resources confirmed that it is a security incident,” Zachxbt added to Telegram.
The $ 1.46 billion equals the largest cryptocurrency hack of all time in dollars terms, with $ 470 million lost to the MT Gox Hack, $ 530 million in the 2018 Coincheck Hack, and $ 650 million in exploiting Ronin Bridge.
BTC and ETH dropped by more than 1.5% and 2%, respectively, following transfers.
Update (15:44 UTC, Feb. 21): Adds a quote from bybit CEO and details of historical crypto hacks.
