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Hacker steals record $1.46 billion from Bybit ETH cold wallet

"Please rest assured that all other cold wallets are secure. I will keep you guys posted as more develops, If any team can help us to track the stolen fund will be appreciated," Bybit's CEO added. Bybit says all other cold wallets are fully secure, client funds are safe, and exchange operations were undisrupted by the incident. Cryptocurrency exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets. "Bybit Hot wallet, Warm wallet and all other cold wallets are fine. 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. According to Bybit, anyone with the expertise to help track the stolen funds is also welcome to assist. In March 2022, Sky Mavis disclosed that attackers stole $620 million in cryptocurrency (173,600 Ethereum and 25.5M USDC tokens) from Axie Infinity's Ronin network bridge.

This Cyber News was published on www.bleepingcomputer.com. Publication date: Fri, 21 Feb 2025 16:50:19 +0000


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