BybitSecurityIncident
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Breaking: Bybit Security Breach – Stay Vigilant!$BTC
The crypto community has been shaken by reports of a security breach at Bybit. Our thoughts are with everyone affected by this unfortunate event. Cyber threats serve as a reminder of the risks in digital finance, emphasizing the importance of strong security measures.$XRP
In the world of crypto, challenges come and go—just like changing weather. Resilience and adaptability are key. While setbacks may occur, they also pave the way for innovation and stronger defenses in the future.
As always, conduct thorough research (DYOR) and take necessary precautions to safeguard your assets. Stay informed, stay secure, and remember—market conditions and circumstances may shift, but knowledge and preparedness will always keep you ahead.$SOL
#BybitSecurityIncident #StaySafe #CryptoSecurity #MarketResilience #RiskManagement
The crypto community has been shaken by reports of a security breach at Bybit. Our thoughts are with everyone affected by this unfortunate event. Cyber threats serve as a reminder of the risks in digital finance, emphasizing the importance of strong security measures.$XRP
In the world of crypto, challenges come and go—just like changing weather. Resilience and adaptability are key. While setbacks may occur, they also pave the way for innovation and stronger defenses in the future.
As always, conduct thorough research (DYOR) and take necessary precautions to safeguard your assets. Stay informed, stay secure, and remember—market conditions and circumstances may shift, but knowledge and preparedness will always keep you ahead.$SOL
#BybitSecurityIncident #StaySafe #CryptoSecurity #MarketResilience #RiskManagement
Cybersecurity Wake-Up Call: Lessons from Bybit's $1.5B Breach. Market Analysis
The recent hack of Bybit Exchange on February 21, 2025 has once again highlighted the significant impact of cyber-attacks on the cryptocurrency market. This incident, which resulted in the theft of approximately $1.5 billion worth of Ethereum ($ETH ), stands as the largest digital heist in cryptocurrency history. Let's examine some interesting statistics and data surrounding cyber attacks in the crypto space and their consequences.
Scale and Frequency of Attacks and Market Impact
The Bybit hack is part of a worrying trend of increasing cyber attacks on cryptocurrency platforms. In 2024, North Korea-linked hackers alone stole approximately $1.34 billion in 47 incidents, a 102.88% increase from the $660.5 million stolen in 20 incidents in the previous year. The Bybit hack in 2025 has already surpassed the entire amount stolen by North Korea in 2024 by nearly $160 million.
The immediate market reaction to the Bybit hack demonstrated the volatility that such incidents can cause:
$ETH dropped 4.2% from $2,828 to $2,708 within minutes of the announcement.A brief rebound of 3.36% followed, bringing the price back to $2,759.
The initial drop in the $ETH price was followed by a quick rebound, fuelled by speculation. This speculation was based on the assumption that Bybit would have to buy back ETH on a 1:1 basis to compensate affected users.
Bybit has secured a bridging loan for 80% of the lost $ETH , as clarified by Bybit co-founder and CEO Ben Zhou during a live stream. He also stated that Bybit had no immediate plans to buy large amounts of ETH on the spot market. This news caused a rapid shift in market sentiment from bullish to bearish, due to concerns that the hacker would sell the stolen ETH and a general increase in risk aversion among investors.
Today we see a further decline in the ETH price that reflects a general market slow down.
Types of Cyber Attacks
While previous major hacks have often targeted vulnerabilities in smart contract code or cross-chain bridges, the Bybit incident represents a shift towards targeting the human element:
The attackers used social engineering tactics to compromise the exchange's user interface.They manipulated cold wallet signatories into authorising malicious transactions.
This trend is consistent with research showing a shift from traditional security attacks to more sophisticated methods.
In terms of the amount stolen by type of victim platform, 2024 also showed interesting patterns. In most quarters between 2021 and 2023, decentralized finance (DeFi) platforms were the main targets of crypto hacks. It's possible that DeFi platforms were more vulnerable because their developers tend to prioritize rapid growth and getting their products to market over implementing security measures, making them prime targets for hackers.
Although DeFi still accounted for the largest share of stolen assets in Q1 2024, centralized services were the most targeted in Q2 and Q3.
This shift in focus from DeFi to centralized services highlights the increasing importance of security mechanisms commonly exploited in hacks, such as private keys. Private key compromises accounted for the largest share of stolen crypto in 2024, at 43.8%. For centralized services, ensuring the security of private keys is critical as they control access to users' assets.
User Education: A Critical Component
While exchanges bear significant responsibility for security, user education plays a critical role. Comprehensive education initiatives should equip users with the knowledge to:
Create and manage strong, unique passwords.Recognize social engineering tactics and phishing attempts.Understand the importance of regular backups.
In conclusion, the Bybit hack is a stark reminder of the ongoing security challenges in the cryptocurrency space. As the market continues to grow, so too will the methods used by hackers. It is imperative that the industry stays ahead of the curve by adopting advanced technologies, fostering collaboration and continuously educating users. By implementing comprehensive security measures and remaining vigilant, we can work towards creating a safer environment for all participants in the crypto ecosystem.
#BinanceAlphaAlert
#SHELLAirdropOnBinance
#TraderProfile
#BybitSecurityIncident
#Hacked
Scale and Frequency of Attacks and Market Impact
The Bybit hack is part of a worrying trend of increasing cyber attacks on cryptocurrency platforms. In 2024, North Korea-linked hackers alone stole approximately $1.34 billion in 47 incidents, a 102.88% increase from the $660.5 million stolen in 20 incidents in the previous year. The Bybit hack in 2025 has already surpassed the entire amount stolen by North Korea in 2024 by nearly $160 million.
The immediate market reaction to the Bybit hack demonstrated the volatility that such incidents can cause:
$ETH dropped 4.2% from $2,828 to $2,708 within minutes of the announcement.A brief rebound of 3.36% followed, bringing the price back to $2,759.
The initial drop in the $ETH price was followed by a quick rebound, fuelled by speculation. This speculation was based on the assumption that Bybit would have to buy back ETH on a 1:1 basis to compensate affected users.
Bybit has secured a bridging loan for 80% of the lost $ETH , as clarified by Bybit co-founder and CEO Ben Zhou during a live stream. He also stated that Bybit had no immediate plans to buy large amounts of ETH on the spot market. This news caused a rapid shift in market sentiment from bullish to bearish, due to concerns that the hacker would sell the stolen ETH and a general increase in risk aversion among investors.
Today we see a further decline in the ETH price that reflects a general market slow down.
Types of Cyber Attacks
While previous major hacks have often targeted vulnerabilities in smart contract code or cross-chain bridges, the Bybit incident represents a shift towards targeting the human element:
The attackers used social engineering tactics to compromise the exchange's user interface.They manipulated cold wallet signatories into authorising malicious transactions.
This trend is consistent with research showing a shift from traditional security attacks to more sophisticated methods.
In terms of the amount stolen by type of victim platform, 2024 also showed interesting patterns. In most quarters between 2021 and 2023, decentralized finance (DeFi) platforms were the main targets of crypto hacks. It's possible that DeFi platforms were more vulnerable because their developers tend to prioritize rapid growth and getting their products to market over implementing security measures, making them prime targets for hackers.
Although DeFi still accounted for the largest share of stolen assets in Q1 2024, centralized services were the most targeted in Q2 and Q3.
This shift in focus from DeFi to centralized services highlights the increasing importance of security mechanisms commonly exploited in hacks, such as private keys. Private key compromises accounted for the largest share of stolen crypto in 2024, at 43.8%. For centralized services, ensuring the security of private keys is critical as they control access to users' assets.
User Education: A Critical Component
While exchanges bear significant responsibility for security, user education plays a critical role. Comprehensive education initiatives should equip users with the knowledge to:
Create and manage strong, unique passwords.Recognize social engineering tactics and phishing attempts.Understand the importance of regular backups.
In conclusion, the Bybit hack is a stark reminder of the ongoing security challenges in the cryptocurrency space. As the market continues to grow, so too will the methods used by hackers. It is imperative that the industry stays ahead of the curve by adopting advanced technologies, fostering collaboration and continuously educating users. By implementing comprehensive security measures and remaining vigilant, we can work towards creating a safer environment for all participants in the crypto ecosystem.
#BinanceAlphaAlert
#SHELLAirdropOnBinance
#TraderProfile
#BybitSecurityIncident
#Hacked
Bybit Hack Full explanation 👇
🔍 Analysts have determined how hackers managed to steal $1.5 billion from Bybit:
⏺Hacking the Safe wallet of one of the developers.
⏺Injecting malicious code into the exchange's frontend.
⏺Intercepting and modifying transaction parameters.
❗️The key detail – the code on Safe's website was altered two days before the attack, as confirmed by Wayback Archive. Bybit employees' computers were not compromised; instead, the attackers simply replaced the code, which changed the destination address when signing transactions.
🔸CZ (Binance) criticized Safe for vague explanations of the breach and questioned how hackers gained access to a specific computer and Bybit accounts.
CZ also denied rumors that Binance used Safe for asset storage.
#BYBITHacks #BybitSecurityIncident
🔵@urclaxxy_Crypto ⭐ boostу
🔍 Analysts have determined how hackers managed to steal $1.5 billion from Bybit:
⏺Hacking the Safe wallet of one of the developers.
⏺Injecting malicious code into the exchange's frontend.
⏺Intercepting and modifying transaction parameters.
❗️The key detail – the code on Safe's website was altered two days before the attack, as confirmed by Wayback Archive. Bybit employees' computers were not compromised; instead, the attackers simply replaced the code, which changed the destination address when signing transactions.
🔸CZ (Binance) criticized Safe for vague explanations of the breach and questioned how hackers gained access to a specific computer and Bybit accounts.
CZ also denied rumors that Binance used Safe for asset storage.
#BYBITHacks #BybitSecurityIncident
🔵@urclaxxy_Crypto ⭐ boostу
See original
👩💻Microsoft recently discovered a new remote access Trojan targeting cryptocurrencies via 20 wallet extensions on Google Chrome.
This threat poses a major risk to users of Coinbase Wallet and MetaMask.
The malware steals credentials and private keys, which could lead to significant financial losses.
The crypto industry is incredibly dysfunctional regarding exploits and hacks, and unfortunately, I do not know if it will manage to regulate itself without government intervention imposing strict regulations, even though this may harm the entire sector.
Recently, several supposedly "decentralized" protocols have seen nearly 100% of their monthly volume/fees coming from activities related to North Korea (DPRK), while refusing to take any responsibility.
Centralized platforms do not do any better: when illicit funds pass through them, some take several hours to react, while it only takes a few minutes to launder that money.
Transaction tracking systems (KYT) are deeply flawed and easily circumvented.
Similarly, identity verification procedures (KYC) have become a trap for ordinary users due to data leaks and internal compromises.
They are often ineffective, as verified accounts can be purchased illegally.
The recent laundering of 1.4 billion dollars by North Korea (DPRK) following a hack has highlighted just how flawed this system is.🕵♀️
#Binance
#coinbase
#BybitSecurityIncident
#MetaMask
#piratecash
$ETH
$BTC
$SOL
This threat poses a major risk to users of Coinbase Wallet and MetaMask.
The malware steals credentials and private keys, which could lead to significant financial losses.
The crypto industry is incredibly dysfunctional regarding exploits and hacks, and unfortunately, I do not know if it will manage to regulate itself without government intervention imposing strict regulations, even though this may harm the entire sector.
Recently, several supposedly "decentralized" protocols have seen nearly 100% of their monthly volume/fees coming from activities related to North Korea (DPRK), while refusing to take any responsibility.
Centralized platforms do not do any better: when illicit funds pass through them, some take several hours to react, while it only takes a few minutes to launder that money.
Transaction tracking systems (KYT) are deeply flawed and easily circumvented.
Similarly, identity verification procedures (KYC) have become a trap for ordinary users due to data leaks and internal compromises.
They are often ineffective, as verified accounts can be purchased illegally.
The recent laundering of 1.4 billion dollars by North Korea (DPRK) following a hack has highlighted just how flawed this system is.🕵♀️
#Binance
#coinbase
#BybitSecurityIncident
#MetaMask
#piratecash
$ETH
$BTC
$SOL
About Bybit hack-
ZachXBT linked North Korea’s Lazarus Group to the Bybit hack.
The hack stole $1.46 billion in staked Ether and ERC-20 tokens; his evidence earned him a 50,000 ARKM bounty (~$31,500).
His research also connected the Bybit hack to the recent Phemex hack through shared theft addresses.
$ETH
#BybitSecurityBreach #BybitSecurityIncident #Write2Earn
ZachXBT linked North Korea’s Lazarus Group to the Bybit hack.
The hack stole $1.46 billion in staked Ether and ERC-20 tokens; his evidence earned him a 50,000 ARKM bounty (~$31,500).
His research also connected the Bybit hack to the recent Phemex hack through shared theft addresses.
$ETH
#BybitSecurityBreach #BybitSecurityIncident #Write2Earn
🚨 Bybit Hacked! FBI Orders Crypto Exchanges to Block Suspicious Transactions 🔒
The crypto world is buzzing after a major security breach involving Bybit! 🏴☠️💻 The FBI has stepped in, ordering crypto exchanges to freeze suspicious transactions linked to the hack. 🚔🛑 Let’s break down what happened and how it affects traders.
🕵️♂️ What Happened?
Bybit, one of the leading crypto exchanges, was targeted in a sophisticated hacking attack. 🎯🔓 Reports suggest that millions in digital assets were stolen, prompting law enforcement to take action. 💰🚨
The FBI quickly issued orders to major crypto exchanges, urging them to block any transactions connected to the stolen funds. ⛔🛑 This move aims to prevent hackers from cashing out and laundering the stolen crypto. 🏦💸
🔥 How Hackers Exploit Crypto
Cybercriminals use several methods to attack exchanges and steal funds:
🔹 Phishing Attacks – Tricking users into revealing login details. 🎭🔐
🔹 Exploiting Smart Contracts – Finding vulnerabilities in DeFi protocols. 🛠️⚠️
🔹 Malware & Keyloggers – Stealing private keys from unsuspecting users. 🦠📝
🔹 Bridge & Wallet Hacks – Targeting cross-chain transactions. 🌉🔓
🛡️ FBI’s Response: Blocking Suspicious Transactions
To track and recover stolen funds, the FBI has instructed major exchanges to:
✅ Freeze wallets linked to the hack ❄️🔗
✅ Monitor large, unusual withdrawals 👀💰
✅ Report suspicious activity immediately 📢⚖️
This coordinated effort could prevent further damage and make it harder for hackers to cash out. 🚷💎
🔒 What Should Crypto Users Do?
🛑 Enable 2FA – Always use two-factor authentication for extra security. 🔑📲
🔄 Use Cold Storage – Keep large holdings in offline wallets. 🧊🔐
🔍 Verify URLs & Emails – Avoid phishing scams. 🕵️♂️🚫
📊 Diversify Holdings – Don’t store all assets in one exchange. 🌍💰
#InfiniHacked #BybitSecurityIncident #BinanceAlphaAlert
$SHELL
The crypto world is buzzing after a major security breach involving Bybit! 🏴☠️💻 The FBI has stepped in, ordering crypto exchanges to freeze suspicious transactions linked to the hack. 🚔🛑 Let’s break down what happened and how it affects traders.
🕵️♂️ What Happened?
Bybit, one of the leading crypto exchanges, was targeted in a sophisticated hacking attack. 🎯🔓 Reports suggest that millions in digital assets were stolen, prompting law enforcement to take action. 💰🚨
The FBI quickly issued orders to major crypto exchanges, urging them to block any transactions connected to the stolen funds. ⛔🛑 This move aims to prevent hackers from cashing out and laundering the stolen crypto. 🏦💸
🔥 How Hackers Exploit Crypto
Cybercriminals use several methods to attack exchanges and steal funds:
🔹 Phishing Attacks – Tricking users into revealing login details. 🎭🔐
🔹 Exploiting Smart Contracts – Finding vulnerabilities in DeFi protocols. 🛠️⚠️
🔹 Malware & Keyloggers – Stealing private keys from unsuspecting users. 🦠📝
🔹 Bridge & Wallet Hacks – Targeting cross-chain transactions. 🌉🔓
🛡️ FBI’s Response: Blocking Suspicious Transactions
To track and recover stolen funds, the FBI has instructed major exchanges to:
✅ Freeze wallets linked to the hack ❄️🔗
✅ Monitor large, unusual withdrawals 👀💰
✅ Report suspicious activity immediately 📢⚖️
This coordinated effort could prevent further damage and make it harder for hackers to cash out. 🚷💎
🔒 What Should Crypto Users Do?
🛑 Enable 2FA – Always use two-factor authentication for extra security. 🔑📲
🔄 Use Cold Storage – Keep large holdings in offline wallets. 🧊🔐
🔍 Verify URLs & Emails – Avoid phishing scams. 🕵️♂️🚫
📊 Diversify Holdings – Don’t store all assets in one exchange. 🌍💰
#InfiniHacked #BybitSecurityIncident #BinanceAlphaAlert
$SHELL
⚡️ UPDATE: The Bybit hacker has moved 270,000 $ETH worth around $605M via THORChain and still holds 229,395 $ETH worth around $514M, according to Lookonchain.
#BybitSecurityIncident
#BybitSecurityIncident
$1.5 BILLION GONE! BYBIT HIT BY MASSIVE CRYPTO HEIST
#BybitForensics #BybitSecurityIncident
In a jaw-dropping cyberattack, Bybit lost a staggering $1.5 billion in Ethereum in February 2025. The FBI has exposed North Korea’s Lazarus Group as the masterminds behind this shocking breach. Exploiting a routine wallet transfer, hackers managed to steal 401,000 ETH in a flash!
Bybit is scrambling to recover the stolen funds, assuring users that their assets are safe while launching a massive bounty program to track down the loot.
#BybitForensics #BybitSecurityIncident
In a jaw-dropping cyberattack, Bybit lost a staggering $1.5 billion in Ethereum in February 2025. The FBI has exposed North Korea’s Lazarus Group as the masterminds behind this shocking breach. Exploiting a routine wallet transfer, hackers managed to steal 401,000 ETH in a flash!
Bybit is scrambling to recover the stolen funds, assuring users that their assets are safe while launching a massive bounty program to track down the loot.
See original
BYBIT HACK: 600 MILLIONS $ WASHED
THORChain has not stolen its reputation. With its KYC-free cross-chain exchanges, the protocol embodies the decentralized ideal. Today, it is suffocating under criticism. The Bybit hackers used its liquidity pools to disperse 270,000 ETH. Result: 1 billion $ in 48 hours, and a burning question. Has privacy become public enemy number one?
The protocol has nevertheless tried to react. Three validators voted to block transactions related to Lazarus.
One of the key developers threw in the towel. A symbolic departure, revealing a fracture: can privacy be reconciled with the fight against organized crime?
Founder John-Paul Thorbjornsen dodges the question. "No sanctioned address has interacted with THORChain," he claims. A weak argument in the face of the evidence: the hackers exploited the speed of the protocol, faster than detection tools. THORChain is not guilty, but complicit by naïveté.
The Lazarus group is no longer hiding. With Bybit, Pyongyang signs its biggest hit since the hacking of the South Korean space agency. But the stakes are global. The FBI steps in: "Cut ties with Lazarus!". Mission impossible? Crypto transactions, by nature transnational, defy borders.
The strategy is formidable. By laundering through THORChain, Lazarus proves its mastery of technical and psychological flaws.
Who would suspect an open-source protocol of being used for laundering money from an authoritarian regime? The numbers speak: 605 million $ vanished in seven days. A record that ridicules traditional anti-money laundering "solutions".
The real bomb is elsewhere. TCB, a THORChain validator, threatens to withdraw if the protocol does not block North Korean flows. The FBI demands censorship. Purists scream heresy. In the meantime, the hackers laugh despite the collapse of Bitcoin.
#BybitSecurityIncident
THORChain has not stolen its reputation. With its KYC-free cross-chain exchanges, the protocol embodies the decentralized ideal. Today, it is suffocating under criticism. The Bybit hackers used its liquidity pools to disperse 270,000 ETH. Result: 1 billion $ in 48 hours, and a burning question. Has privacy become public enemy number one?
The protocol has nevertheless tried to react. Three validators voted to block transactions related to Lazarus.
One of the key developers threw in the towel. A symbolic departure, revealing a fracture: can privacy be reconciled with the fight against organized crime?
Founder John-Paul Thorbjornsen dodges the question. "No sanctioned address has interacted with THORChain," he claims. A weak argument in the face of the evidence: the hackers exploited the speed of the protocol, faster than detection tools. THORChain is not guilty, but complicit by naïveté.
The Lazarus group is no longer hiding. With Bybit, Pyongyang signs its biggest hit since the hacking of the South Korean space agency. But the stakes are global. The FBI steps in: "Cut ties with Lazarus!". Mission impossible? Crypto transactions, by nature transnational, defy borders.
The strategy is formidable. By laundering through THORChain, Lazarus proves its mastery of technical and psychological flaws.
Who would suspect an open-source protocol of being used for laundering money from an authoritarian regime? The numbers speak: 605 million $ vanished in seven days. A record that ridicules traditional anti-money laundering "solutions".
The real bomb is elsewhere. TCB, a THORChain validator, threatens to withdraw if the protocol does not block North Korean flows. The FBI demands censorship. Purists scream heresy. In the meantime, the hackers laugh despite the collapse of Bitcoin.
#BybitSecurityIncident
Before You Start
1. *Set Clear Goals*: Define your trading objectives, risk tolerance, and time commitment.
2. *Choose a Reliable Broker*: Research and select a reputable broker that meets your needs.
3. *Understand Trading Hours*: Familiarize yourself with market hours, including peak and off-peak times.
Education and Research
1. *Learn Trading Basics*: Understand concepts like leverage, margin, and order types.
2. *Stay Up-to-Date with Market News*: Follow reputable sources for market analysis and news.
3. *Develop a Trading Strategy*: Create a plan based on your goals, risk tolerance, and market analysis.
Risk Management
1. *Set Stop-Loss Orders*: Limit potential losses by setting stop-loss orders.
2. *Use Position Sizing*: Manage risk by allocating appropriate amounts to each trade.
3. *Monitor and Adjust*: Continuously monitor your trades and adjust your strategy as needed.
Trading Psychology
1. *Manage Emotions*: Develop emotional control to avoid impulsive decisions.
2. *Stay Disciplined*: Stick to your trading plan and avoid deviations.
3. *Learn from Mistakes*: Analyze and learn from your mistakes to improve your trading skills.
Starting Small
1. *Begin with a Demo Account*: Practice trading with virtual money to gain experience.
2. *Start with Small Positions*: Gradually increase your position size as you gain confidence.
3. *Focus on One Market*: Concentrate on a single market or asset class to develop expertise.
@Crypto Legend_
@CZ
#InfiniHacked
#BinanceLabsInvestment
#BybitSecurityIncident
Dears Read Carefully before Loosing Everything .
That's all for you and suggested to you.
1. *Set Clear Goals*: Define your trading objectives, risk tolerance, and time commitment.
2. *Choose a Reliable Broker*: Research and select a reputable broker that meets your needs.
3. *Understand Trading Hours*: Familiarize yourself with market hours, including peak and off-peak times.
Education and Research
1. *Learn Trading Basics*: Understand concepts like leverage, margin, and order types.
2. *Stay Up-to-Date with Market News*: Follow reputable sources for market analysis and news.
3. *Develop a Trading Strategy*: Create a plan based on your goals, risk tolerance, and market analysis.
Risk Management
1. *Set Stop-Loss Orders*: Limit potential losses by setting stop-loss orders.
2. *Use Position Sizing*: Manage risk by allocating appropriate amounts to each trade.
3. *Monitor and Adjust*: Continuously monitor your trades and adjust your strategy as needed.
Trading Psychology
1. *Manage Emotions*: Develop emotional control to avoid impulsive decisions.
2. *Stay Disciplined*: Stick to your trading plan and avoid deviations.
3. *Learn from Mistakes*: Analyze and learn from your mistakes to improve your trading skills.
Starting Small
1. *Begin with a Demo Account*: Practice trading with virtual money to gain experience.
2. *Start with Small Positions*: Gradually increase your position size as you gain confidence.
3. *Focus on One Market*: Concentrate on a single market or asset class to develop expertise.
@Crypto Legend_
@CZ
#InfiniHacked
#BinanceLabsInvestment
#BybitSecurityIncident
Dears Read Carefully before Loosing Everything .
That's all for you and suggested to you.
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