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2025-02-21 22:45:43 UTC

zCat on Nostr: Hacker steals record $1.46 billion from Bybit ETH cold wallet Cryptocurrency exchange ...

Hacker steals record $1.46 billion from Bybit ETH cold wallet

Cryptocurrency exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets.

"The incident occurred when our ETH multisig cold wallet executed a transfer to our warm wallet. Unfortunately, this transaction was manipulated through a sophisticated attack that masked the signing interface, displaying the correct address while altering the underlying smart contract logic," Bybit explained.

See more: https://www.bleepingcomputer.com/news/security/hacker-steals-record-146-billion-from-bybit-eth-cold-wallet/

#security #hack #crypto