bybitsecuritybreach
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Bybit has detected unauthorized activity on one of its ETH cold wallets, compromised through a sophisticated attack manipulating the signing interface. The incident does not affect client funds, and all other cold wallets remain secure, according to Bybit.
With increasing crypto exchange security threats, how should platforms enhance cold wallet protection? Discuss below!
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Binance Co-Founder and Former CEO Offer Support Amid ByBit's $1.4 Billion ETH Hack
Following Bybit’s confirmation of a $1.4 billion Ethereum (ETH) security breach, Binance executives have extended their support, reinforcing the industry's collaborative stance on security.Bybit CEO Ben Zhou revealed that the exploit was executed through a masked UI attack on a multisig cold wallet transaction. The attackers manipulated the signing process to alter the smart contract logic, gaining control over the wallet and transferring its ETH holdings to an unknown address. Despite the breach, Zhou assured users that all other cold wallets remain secure and withdrawals are operating normally.Binance’s Immediate ResponseYi He, Binance’s co-founder, was quick to offer assistance, stating, "We are here when you need." Former Binance CEO CZ also weighed in, suggesting a proactive security measure to prevent further potential risks. "Not an easy situation to deal with. Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed. Good luck!"
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How to Earn 10-100 USDT Daily on Binance Without Investment
Earning a steady income on Binance without any initial investment may seem too good to be true, but it is achievable through various legitimate strategies. Binance, one of the largest cryptocurrency exchanges, offers multiple earning opportunities that do not require upfront capital. In this article, we will explore some effective ways to earn 10-100 USDT daily on Binance without investing your own money.
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How to Earn $14 a Day on Binance Without Any Investment – A Beginner's Guide
Are you looking for a way to make money on Binance without investing any initial capital? While it may seem difficult, there are many legitimate ways you can use to generate passive income. In this guide, we will explore different methods through which you can earn up to $14 a day on Binance without investing a single dollar.
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How to Earn 10-100 USDT Daily on Binance Without Any Investment
Binance, one of the largest cryptocurrency exchanges in the world, offers multiple ways to earn money without any financial commitments. While earning 10-100 USDT daily requires effort, consistency, and smart strategies, it is possible. This article explores legitimate ways to generate income on Binance without any initial investment.
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How to Earn $12 a Day on Binance Without Any Investment
Making money on Binance without investing any of your own funds may seem challenging, but it is definitely possible with the right strategies. Whether you are a beginner or someone looking for passive income, Binance offers various ways to generate revenue. Here is a detailed guide on how to earn at least $12 a day without investing any capital.
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1. Binance Referral Program – Earn commissions
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1. Binance Referral Program – Earn commissions
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How to earn $12-19 daily on Binance without any investment
Making money on Binance without investing your own funds may seem difficult, but it is entirely possible using various strategies. Whether through promotions, referrals, or passive income programs, you can generate daily profits without spending a dime. Here are some of the best ways to achieve this.
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1. Binance Referral Program
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1. Binance Referral Program
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How to Earn $5.8 Per Day on Binance Without Any Investment
Binance, the largest cryptocurrency exchange in the world, offers several ways to earn money without the need for an initial deposit. If you are looking for a way to earn $5.8 per day without spending anything, this guide will show you several opportunities to achieve this goal.
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1. Participate in Binance Learn and Earn 📚
Binance regularly hosts "Learn and Earn" programs where users can complete educational quizzes about cryptocurrencies and receive free tokens as a reward. These opportunities are available for a limited time, so it is important to follow Binance announcements to take advantage of them.
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1. Participate in Binance Learn and Earn 📚
Binance regularly hosts "Learn and Earn" programs where users can complete educational quizzes about cryptocurrencies and receive free tokens as a reward. These opportunities are available for a limited time, so it is important to follow Binance announcements to take advantage of them.
BybitSecurityBreach
#BybitSecurityBreach
Bybit Security Breach: Latest UpdatesAttribution to Lazarus Group
Crypto investigator ZachXBT has submitted "definitive proof" linking the Bybit attack to the Lazarus Group, a hacking unit believed to be affiliated with North Korea. This group has been implicated in several high-profile cryptocurrency thefts in recent years, including the $600 million Ronin Network hack in 2022.
Attack Details
The attack targeted Bybit’s ETH cold wallet. Hackers exploited a planned transfer between wallets, deceiving signers through a manipulated user interface and URL. This allowed them to alter the smart contract logic, granting control over the cold wallet and enabling the theft. The stolen funds include:
401,347 ETH (~$1.12B)
90,376 stETH (~$253.16M)
15,000 cmETH (~$44.13M)
8,000 mETH (~$23M)
Statement from Bybit CEO Ben Zhou
Bybit co-founder and CEO Ben Zhou confirmed the hack and detailed the attack mechanics. He explained that the signing message was intended to change the smart contract logic of the ETH cold wallet, allowing the attacker to withdraw funds. Zhou assured users that the exchange remains solvent and that other cold wallets are secure. Bybit is securing bridge loans from partners to cover the losses instead of immediately purchasing ETH on the open market.
Market Reaction
The hack has caused significant volatility in the crypto market. Ethereum’s price initially dropped by over 4% before partially rebounding due to speculation that Bybit might need to repurchase large amounts of ETH to compensate affected users. However, Zhou’s clarification that Bybit had secured a bridge loan led to a bearish market sentiment. Bitcoin and other major cryptocurrencies also experienced sharp declines.
Broader Implications
The timing of the hack coincides with ETHDenver, a major Ethereum ecosystem conference, dampening the event’s usual bullish impact on the market. The incident has reignited concerns about security within the digital asset space and could lead to increased regulatory scrutiny of cryptocurrency exchanges.
What’s Next?
With heightened uncertainty, traders should exercise caution, especially when using leverage. As more details about the hack emerge, significant price movements are likely in the days ahead. Bybit is working with law enforcement agencies to investigate the hack and recover the stolen funds.
Bybit Security Breach: Latest UpdatesAttribution to Lazarus Group
Crypto investigator ZachXBT has submitted "definitive proof" linking the Bybit attack to the Lazarus Group, a hacking unit believed to be affiliated with North Korea. This group has been implicated in several high-profile cryptocurrency thefts in recent years, including the $600 million Ronin Network hack in 2022.
Attack Details
The attack targeted Bybit’s ETH cold wallet. Hackers exploited a planned transfer between wallets, deceiving signers through a manipulated user interface and URL. This allowed them to alter the smart contract logic, granting control over the cold wallet and enabling the theft. The stolen funds include:
401,347 ETH (~$1.12B)
90,376 stETH (~$253.16M)
15,000 cmETH (~$44.13M)
8,000 mETH (~$23M)
Statement from Bybit CEO Ben Zhou
Bybit co-founder and CEO Ben Zhou confirmed the hack and detailed the attack mechanics. He explained that the signing message was intended to change the smart contract logic of the ETH cold wallet, allowing the attacker to withdraw funds. Zhou assured users that the exchange remains solvent and that other cold wallets are secure. Bybit is securing bridge loans from partners to cover the losses instead of immediately purchasing ETH on the open market.
Market Reaction
The hack has caused significant volatility in the crypto market. Ethereum’s price initially dropped by over 4% before partially rebounding due to speculation that Bybit might need to repurchase large amounts of ETH to compensate affected users. However, Zhou’s clarification that Bybit had secured a bridge loan led to a bearish market sentiment. Bitcoin and other major cryptocurrencies also experienced sharp declines.
Broader Implications
The timing of the hack coincides with ETHDenver, a major Ethereum ecosystem conference, dampening the event’s usual bullish impact on the market. The incident has reignited concerns about security within the digital asset space and could lead to increased regulatory scrutiny of cryptocurrency exchanges.
What’s Next?
With heightened uncertainty, traders should exercise caution, especially when using leverage. As more details about the hack emerge, significant price movements are likely in the days ahead. Bybit is working with law enforcement agencies to investigate the hack and recover the stolen funds.
The Bybit hacker (Most likely N.K. ) is now the 14th largest ETH holder in the world
They hold roughly 0.42% of total supply, more than Fidelity, Vitalik, and 2x +what the Ethereum Foundation holds
#BybitSecurityBreach
They hold roughly 0.42% of total supply, more than Fidelity, Vitalik, and 2x +what the Ethereum Foundation holds
#BybitSecurityBreach
#BybitSecurityBreach Bybit, a cryptocurrency exchange, has suffered a significant security breach, resulting in the theft of approximately $1.4 billion worth of Ether (ETH) ¹. The breach occurred when an attacker compromised one of Bybit's ETH cold wallets, manipulating a transaction to drain funds.
According to Bybit's CEO, Ben Zhou, the attacker altered the smart contract logic, allowing them to steal the funds ². Zhou assured users that the exchange is investigating the breach and that all other cold wallets are secure.
The stolen funds were transferred to multiple wallets, with some already being sold on the market. Crypto analytics platform Arkham reported that the attacker has already sold $200 million worth of stETH ¹.
Bybit has emphasized that the exchange is solvent, even if the stolen funds are not recovered. The exchange has also assured users that all withdrawals are normal, and they will keep users updated on any developments ².
This security breach is
According to Bybit's CEO, Ben Zhou, the attacker altered the smart contract logic, allowing them to steal the funds ². Zhou assured users that the exchange is investigating the breach and that all other cold wallets are secure.
The stolen funds were transferred to multiple wallets, with some already being sold on the market. Crypto analytics platform Arkham reported that the attacker has already sold $200 million worth of stETH ¹.
Bybit has emphasized that the exchange is solvent, even if the stolen funds are not recovered. The exchange has also assured users that all withdrawals are normal, and they will keep users updated on any developments ².
This security breach is
Pi Network Faces Sharp Decline Amid Controversy – Key Support & Resistance Levels for Traders$ETH
The Pi Network recently witnessed a drastic price drop, plunging from $1.84 to below $1 within just six hours—marking a dramatic decline of over 100%. This sharp fall comes after Bybit CEO Ben Zhou publicly criticized the project, labeling it a scam and firmly stating that Bybit would not support or list it. His remarks have intensified concerns within the crypto community, leading to increased market volatility.$BNB
Technical Analysis & Entry Strategy
Pi Network's price action now faces critical support and resistance levels that traders should closely monitor. The major support level is positioned near $0.85, a crucial zone where buyers may step in to stabilize the price. On the upside, resistance is expected around $1.20, where selling pressure could emerge.$SOL
For those considering short-term trades, a potential entry point for longs is $0.88 - $0.92, with a stop-loss at $0.80 to mitigate risks. Meanwhile, short positions could be initiated at $1.10 - $1.15, with a stop-loss at $1.25 to protect against unexpected reversals.
Long-Term Perspective
In the long run, Pi Network's viability remains uncertain, especially with major exchanges distancing themselves from the project. If the price fails to regain stability above $1.00, it could continue its downtrend toward $0.70 - $0.75. Conversely, if bullish momentum strengthens and it breaks past $1.20, a potential recovery toward $1.50 could be in play.
Given the ongoing controversy, traders are advised to approach with caution, using tight risk management strategies. The market reaction to such statements highlights the influence of major industry leaders on price movements, making it essential to stay updated on developments.
#SECStaking #VIRTUALWhale #LitecoinETF #BybitSecurityBreach #BinanceAlphaAlert
The Pi Network recently witnessed a drastic price drop, plunging from $1.84 to below $1 within just six hours—marking a dramatic decline of over 100%. This sharp fall comes after Bybit CEO Ben Zhou publicly criticized the project, labeling it a scam and firmly stating that Bybit would not support or list it. His remarks have intensified concerns within the crypto community, leading to increased market volatility.$BNB
Technical Analysis & Entry Strategy
Pi Network's price action now faces critical support and resistance levels that traders should closely monitor. The major support level is positioned near $0.85, a crucial zone where buyers may step in to stabilize the price. On the upside, resistance is expected around $1.20, where selling pressure could emerge.$SOL
For those considering short-term trades, a potential entry point for longs is $0.88 - $0.92, with a stop-loss at $0.80 to mitigate risks. Meanwhile, short positions could be initiated at $1.10 - $1.15, with a stop-loss at $1.25 to protect against unexpected reversals.
Long-Term Perspective
In the long run, Pi Network's viability remains uncertain, especially with major exchanges distancing themselves from the project. If the price fails to regain stability above $1.00, it could continue its downtrend toward $0.70 - $0.75. Conversely, if bullish momentum strengthens and it breaks past $1.20, a potential recovery toward $1.50 could be in play.
Given the ongoing controversy, traders are advised to approach with caution, using tight risk management strategies. The market reaction to such statements highlights the influence of major industry leaders on price movements, making it essential to stay updated on developments.
#SECStaking #VIRTUALWhale #LitecoinETF #BybitSecurityBreach #BinanceAlphaAlert
$BTC
#BybitSecurityBreach The Reality of Trading: A Bitter Truth
My name is Naveed, and I want to share my personal experience with trading. I traded for two and a half years and lost $331. For some, this may not be much, but for others, it's a huge loss. I have seen my friends lose money too—this is real experience, not just assumptions.
The Deception of Trading
The biggest myth is that trading is about learning and strategy. In reality, the market is manipulated by big players to ensure small traders lose. As soon as you invest more, the market reverses, hitting your stop loss before moving in your expected direction.
Can You Make Money?
Even if you win multiple trades, one bad trade can wipe out all profits. Most traders believe they will make consistent money, but eventually, they lose everything.
Market Manipulation
When many traders short the market, it initially drops but then reverses, hitting stop losses.
Sudden, unpredictable market movements cause massive losses.
One wrong move can drain your entire account.
Accept the Reality
Trading is a trap! Those trading now will eventually stop after losing enough. I am sharing this truth so others don’t waste their hard-earned money.
Long-term holding may be fine, but day trading is a losing game.
If you haven’t started trading, don’t! If you already are, quit before you lose everything.
#BybitSecurityBreach The Reality of Trading: A Bitter Truth
My name is Naveed, and I want to share my personal experience with trading. I traded for two and a half years and lost $331. For some, this may not be much, but for others, it's a huge loss. I have seen my friends lose money too—this is real experience, not just assumptions.
The Deception of Trading
The biggest myth is that trading is about learning and strategy. In reality, the market is manipulated by big players to ensure small traders lose. As soon as you invest more, the market reverses, hitting your stop loss before moving in your expected direction.
Can You Make Money?
Even if you win multiple trades, one bad trade can wipe out all profits. Most traders believe they will make consistent money, but eventually, they lose everything.
Market Manipulation
When many traders short the market, it initially drops but then reverses, hitting stop losses.
Sudden, unpredictable market movements cause massive losses.
One wrong move can drain your entire account.
Accept the Reality
Trading is a trap! Those trading now will eventually stop after losing enough. I am sharing this truth so others don’t waste their hard-earned money.
Long-term holding may be fine, but day trading is a losing game.
If you haven’t started trading, don’t! If you already are, quit before you lose everything.
🚨UPDATE:
From the Sleepless Twelve Hours
Over the past 12 hours, our Bybuddies have worked tirelessly to support our users by:
- Borrowing ETH to facilitate withdrawals
- Increasing liquidity for USDT and USDC
But we weren’t alone. Many industry partners stood by us, working through the night to find solutions.
One of the most brilliant tech experts dedicated hours to identifying the root cause and provided Bybit with the first investigation report. The depth and professionalism of this report are remarkable. He even took the first flight to Dubai on his own initiative to join our security team and assist in the ongoing investigation—purely out of commitment to the industry.
“Just like him, many of our partners stepped up, proving that when the crypto industry is challenged, we come together to fight for it.” 💪💪
- Helen Liu, COO of Bybit
$SC
$BEL
$KAITO
#BybitSecurityBreach #LitecoinETF #VIRTUALWhale #VIRTUALWhale #ShohanurRahmanShuvo
From the Sleepless Twelve Hours
Over the past 12 hours, our Bybuddies have worked tirelessly to support our users by:
- Borrowing ETH to facilitate withdrawals
- Increasing liquidity for USDT and USDC
But we weren’t alone. Many industry partners stood by us, working through the night to find solutions.
One of the most brilliant tech experts dedicated hours to identifying the root cause and provided Bybit with the first investigation report. The depth and professionalism of this report are remarkable. He even took the first flight to Dubai on his own initiative to join our security team and assist in the ongoing investigation—purely out of commitment to the industry.
“Just like him, many of our partners stepped up, proving that when the crypto industry is challenged, we come together to fight for it.” 💪💪
- Helen Liu, COO of Bybit
$SC
$BEL
$KAITO
#BybitSecurityBreach #LitecoinETF #VIRTUALWhale #VIRTUALWhale #ShohanurRahmanShuvo
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#BTC
Bitcoin is the first decentralized digital currency, launched in 2009 by an anonymous person or group under the pseudonym "Satoshi Nakamoto". 以下是A quick summary of Bitcoin:
### 1. **Definition:**
- Bitcoin is a cryptocurrency based on blockchain technology, which is a chain of blocks that contain transaction data.
- Bitcoin is not controlled by any government or central financial institution, making it decentralized.
### 2. **Blockchain:**
- Blockchain is a public, distributed ledger that records all Bitcoin transactions.
- Transactions are confirmed through a process called "mining", where miners solve complex mathematical problems to add new blocks to the chain.
### 3. **Mining:**
- Mining is the process of using powerful computers to solve complex mathematical problems to confirm transactions and add new blocks to the blockchain.
- Miners are rewarded with new Bitcoins for their work.
### 4. **Limited Supply:**
- The maximum number of Bitcoins that can be mined is 21 million units, making it a rare and limited supply currency.
### 5. **Uses:**
- Bitcoin can be used as a means of online payment, as an investment, or as a fast and efficient international money transfer.
### 6. **Volatility:**
- The price of Bitcoin is known for its extreme volatility, as it can rise or fall significantly in a short period of time#BybitSecurityBreach #莱特币ETF #LitecoinETF
Bitcoin is the first decentralized digital currency, launched in 2009 by an anonymous person or group under the pseudonym "Satoshi Nakamoto". 以下是A quick summary of Bitcoin:
### 1. **Definition:**
- Bitcoin is a cryptocurrency based on blockchain technology, which is a chain of blocks that contain transaction data.
- Bitcoin is not controlled by any government or central financial institution, making it decentralized.
### 2. **Blockchain:**
- Blockchain is a public, distributed ledger that records all Bitcoin transactions.
- Transactions are confirmed through a process called "mining", where miners solve complex mathematical problems to add new blocks to the chain.
### 3. **Mining:**
- Mining is the process of using powerful computers to solve complex mathematical problems to confirm transactions and add new blocks to the blockchain.
- Miners are rewarded with new Bitcoins for their work.
### 4. **Limited Supply:**
- The maximum number of Bitcoins that can be mined is 21 million units, making it a rare and limited supply currency.
### 5. **Uses:**
- Bitcoin can be used as a means of online payment, as an investment, or as a fast and efficient international money transfer.
### 6. **Volatility:**
- The price of Bitcoin is known for its extreme volatility, as it can rise or fall significantly in a short period of time#BybitSecurityBreach #莱特币ETF #LitecoinETF
#BybitSecurityBreach $ETH Now you know why EU is more reserved about making crypto part of their central bank reserves. It’s too risky for now. It’s impossible to hack gold. Fiat currencies can always be traced and recovered by governments.
Although there is no definite conclusion so far, according to Elliptic, it is possible that North Korea’s Lazarus Group, a state-sponsored hacking group did this. For state actors it is much easier for them to cash out such large amount of ETH assets. This could also explain why their leader continues to enjoy luxurious life despite harsh sanctions while the grassroots suffer.
This security breach drags down overall crypto prices. But the future is still bright.
Although there is no definite conclusion so far, according to Elliptic, it is possible that North Korea’s Lazarus Group, a state-sponsored hacking group did this. For state actors it is much easier for them to cash out such large amount of ETH assets. This could also explain why their leader continues to enjoy luxurious life despite harsh sanctions while the grassroots suffer.
This security breach drags down overall crypto prices. But the future is still bright.
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