Category: Cryptocurrency Security
Bybit, a cryptocurrency exchange, was hacked for over $1.4 billion in Ethereum during a fund transfer from a cold wallet to a warm wallet. The attack involved manipulation of the transaction interface, leading to the theft of 401,000 ETH coins. CEO Ben Zhou assured customers of the exchange's liquidity and ongoing investigations into the incident, which may involve the wallet provider Safe. This incident marks one of the largest thefts in cryptocurrency history.
Keywords: Bybit, cryptocurrency hack, Ethereum theft
Source: The Record by Recorded Future
Update At: 2/22/2025