BybitWalletHack
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🔰 #ETH
$ETH
⏬ SELL : 2.72
👁🗨 Leverage: Cross (10.00X)
📍TARGETS
1) 2.65
2) 2.60
3) 2.50
4) 2.40
5) 2.20
❌ STOPLOSS: 2.86
#BybitWalletHack
$ETH
⏬ SELL : 2.72
👁🗨 Leverage: Cross (10.00X)
📍TARGETS
1) 2.65
2) 2.60
3) 2.50
4) 2.40
5) 2.20
❌ STOPLOSS: 2.86
#BybitWalletHack
Bybit Hack: $1.4B Stolen, Draining 8.64% of Exchange’s Reserves
Bitcoin (BTC) dropped to around $97,000 after briefly approaching $100,000 earlier in the day, while ether (ETH) fell by almost 4%, dropping below the $2,700 mark.
The sudden price drop triggered the liquidation of about $100 million in leveraged derivatives positions, mostly from long traders expecting prices to rise.
But It pulls back their gains to losses!
Very Unfortunate but it will be normal after time to pace back the market.
#BybitHack
#BybitWalletHack
#BinanceSquareFamily
#MarketUpdate
Bitcoin (BTC) dropped to around $97,000 after briefly approaching $100,000 earlier in the day, while ether (ETH) fell by almost 4%, dropping below the $2,700 mark.
The sudden price drop triggered the liquidation of about $100 million in leveraged derivatives positions, mostly from long traders expecting prices to rise.
But It pulls back their gains to losses!
Very Unfortunate but it will be normal after time to pace back the market.
#BybitHack
#BybitWalletHack
#BinanceSquareFamily
#MarketUpdate
Breaking News !
BYBIT one of the biggest crypto exchange got hacked by a hacker. 1.4 billion worth of $ETH Got stolen #Hacked #Alert🔴 #BybitWalletHack
BYBIT one of the biggest crypto exchange got hacked by a hacker. 1.4 billion worth of $ETH Got stolen #Hacked #Alert🔴 #BybitWalletHack
North Korea is behind the Bybit HACK
🙄Hack A group of DPRK #hackers #LazarusGroup hacked a cold wallet on the exchange for 400k $ETH ($1.5 billion dollars)
Now they have more ether than Vitaliy Buterin, the creator of the token himself
😀The channels are already screaming that North Korea has announced a strategic reserve of ether😂
#BybitHack #BybitWalletHack
Now they have more ether than Vitaliy Buterin, the creator of the token himself
😀The channels are already screaming that North Korea has announced a strategic reserve of ether😂
#BybitHack #BybitWalletHack
🚀🗞️MARKET MOVING NEWS🚀🗞️📊
1️⃣ Bybit Processes All Withdrawals, System Returns To ‘Normal Pace’: Ben Zhou 🔼
#BybitWalletHack
In a recent statement posted to X, Bybit CEO Ben Zhou reassured users that the crypto exchange is “fully back to normal pace” after being hit by the single largest hack in the crypto industry’s 15-year history. For context, the hack saw over $1.4 billion in crypto assets drained from the platform. Zhao stated the exchange is now processing all withdrawals. He assured users they could withdraw without limits or delays and apologised to his 200,900 X followers for the unexpected incident. A full incident report and a security assessment will reportedly be released in the coming days.
2️⃣ Coinbase, SEC Reach Agreement to Dismiss Lawsuit ‼️
#CoinbaseExchange.
The U.S. Securities and Exchange Commission (SEC) has reportedly agreed to dismiss its lawsuit against crypto exchange Coinbase. While the dismissal is still subject to approval by an SEC commissioner before the suit is officially withdrawn, Coinbase CEO Brian Armstrong said that the agreement was "hugely vindicating"
Armstrong stated,
If this goes through, it’s a really big deal, not just for us, but for the whole crypto industry, the 50 million Americans who hold crypto, and I think for the rest of the world because this is an important signal about where things are going.
3️⃣ ZachXBT Identifies Lazarus Group As Behind Bybit $1.4B Hack, Wins Arkham Bounty 🔍
#LazarusGroup
According to an announcement by Arkham Intelligence, the on-chain sleuth ZachXBT has identified North Korean hacker group Lazarus as being behind the $1.46 billion Bybit hack on Feb. 21. The finding was made as a submission by ZachXBT in a 50,000 ARKM (worth roughly $31,500) bounty posted by the on-chain intelligence firm. Additionally, later reports state that new on-chain findings have revealed that the same Lazarus Group-affiliated wallets were behind January’s $29 million Phemex hack in January.
4️⃣ Franklin Templeton Seeks SEC Approval For A Solana ETF Involving Staking ▶️
Asset manager Franklin Templeton’s recently filed S-1 registration statement for a Franklin Solana ETF reportedly includes language proposing staking of the assets held by the fund. The filing also states the shares would be listed on the Cboe BZX Exchange, and the custodian will be Coinbase Custody Trust Company, LLC.
The filing reads,
In consideration for any staking activity in which the Fund may engage, the Fund would receive certain staking rewards of Solana tokens, which may be treated as income to the Fund.
5️⃣ NFT Marketplace OpenSea Says the SEC Is Ending Its Investigation ☄️
#nft #BybitSecurityBreach
According to a Bloomberg report, the United States Securities and Exchange Commission (SEC) has concluded its investigation into the OpenSea NFT marketplace. Notably, the move comes shortly after the SEC decided to dismiss its case against Coinbase. The fact that both announcements were made in quick succession suggests the SEC may pull back from a number of its ongoing crypto-related investigations and lawsuits.
#BybitWalletHack
In a recent statement posted to X, Bybit CEO Ben Zhou reassured users that the crypto exchange is “fully back to normal pace” after being hit by the single largest hack in the crypto industry’s 15-year history. For context, the hack saw over $1.4 billion in crypto assets drained from the platform. Zhao stated the exchange is now processing all withdrawals. He assured users they could withdraw without limits or delays and apologised to his 200,900 X followers for the unexpected incident. A full incident report and a security assessment will reportedly be released in the coming days.
2️⃣ Coinbase, SEC Reach Agreement to Dismiss Lawsuit ‼️
#CoinbaseExchange.
The U.S. Securities and Exchange Commission (SEC) has reportedly agreed to dismiss its lawsuit against crypto exchange Coinbase. While the dismissal is still subject to approval by an SEC commissioner before the suit is officially withdrawn, Coinbase CEO Brian Armstrong said that the agreement was "hugely vindicating"
Armstrong stated,
If this goes through, it’s a really big deal, not just for us, but for the whole crypto industry, the 50 million Americans who hold crypto, and I think for the rest of the world because this is an important signal about where things are going.
3️⃣ ZachXBT Identifies Lazarus Group As Behind Bybit $1.4B Hack, Wins Arkham Bounty 🔍
#LazarusGroup
According to an announcement by Arkham Intelligence, the on-chain sleuth ZachXBT has identified North Korean hacker group Lazarus as being behind the $1.46 billion Bybit hack on Feb. 21. The finding was made as a submission by ZachXBT in a 50,000 ARKM (worth roughly $31,500) bounty posted by the on-chain intelligence firm. Additionally, later reports state that new on-chain findings have revealed that the same Lazarus Group-affiliated wallets were behind January’s $29 million Phemex hack in January.
4️⃣ Franklin Templeton Seeks SEC Approval For A Solana ETF Involving Staking ▶️
Asset manager Franklin Templeton’s recently filed S-1 registration statement for a Franklin Solana ETF reportedly includes language proposing staking of the assets held by the fund. The filing also states the shares would be listed on the Cboe BZX Exchange, and the custodian will be Coinbase Custody Trust Company, LLC.
The filing reads,
In consideration for any staking activity in which the Fund may engage, the Fund would receive certain staking rewards of Solana tokens, which may be treated as income to the Fund.
5️⃣ NFT Marketplace OpenSea Says the SEC Is Ending Its Investigation ☄️
#nft #BybitSecurityBreach
According to a Bloomberg report, the United States Securities and Exchange Commission (SEC) has concluded its investigation into the OpenSea NFT marketplace. Notably, the move comes shortly after the SEC decided to dismiss its case against Coinbase. The fact that both announcements were made in quick succession suggests the SEC may pull back from a number of its ongoing crypto-related investigations and lawsuits.
🚨 ByBit Hacked – $1.1B Lost!
ByBit has suffered a major security breach. 401,346 wrapped $ETH (~$1.1B) was withdrawn from an exchange wallet and immediately swapped for regular ETH on DEX.
ByBit’s CEO confirmed that a hacker gained control of a cold Ethereum wallet and moved all ETH to an unknown address. 👀
🔎 ZachXBT also flagged this as a confirmed hack.
Stay alert – more updates to come! ⚠️
#BybitHack #BybitHacked #BybitWalletHack
ByBit’s CEO confirmed that a hacker gained control of a cold Ethereum wallet and moved all ETH to an unknown address. 👀
🔎 ZachXBT also flagged this as a confirmed hack.
Stay alert – more updates to come! ⚠️
#BybitHack #BybitHacked #BybitWalletHack
🚨JUST BREAKING NEWS 🚨 Bybit unveils a $140 MILLION Recovery Bounty to track down those behind the BIGGEST crypto heist in history! 🎯💰
Whoever helps hunt down the hackers could claim a massive reward! 🔎💸
Stay tuned for updates! ⚡👀
#hunthackers #BybitWalletHack #bybit #ETH #crypto
Whoever helps hunt down the hackers could claim a massive reward! 🔎💸
Stay tuned for updates! ⚡👀
#hunthackers #BybitWalletHack #bybit #ETH #crypto
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Digging deeper into the $1.4 billion hack of bybit. We will see that this can happen to any organization. It happens just like a spy movie that you often watch on netflix. Many of you wonder why bybit is careless and doesn't check. NO. Maybe the hacker hacked into bybit's internal network in some ways like MIM, phishing... and took control of the internal safe system. The hacker will fake the information on the UI as the ceo bybit said (maskUI) but in fact the internet system underneath is performing another action like granting permission to the hacker. This is really difficult for those who manage multisig.
👉 An example: you receive a request to approve the transfer of 1ETH to a wallet address A like every day. And as usual you see it displays a valid UI on the internal safe. OK, the small value, you will sign the approval quickly. BUT BOOM. Behind the scenes, the system is granting permission to a strange address to withdraw the maximum amount of ETH in the wallet. DONE. YOU HAVE BEEN HACKED.
I think it is very important to re-check the security of the internal system. And one more thing is that the community needs to remove wallets marked as hacked. It will make the hacked tokens unsellable. #BybitWalletHack
👉 An example: you receive a request to approve the transfer of 1ETH to a wallet address A like every day. And as usual you see it displays a valid UI on the internal safe. OK, the small value, you will sign the approval quickly. BUT BOOM. Behind the scenes, the system is granting permission to a strange address to withdraw the maximum amount of ETH in the wallet. DONE. YOU HAVE BEEN HACKED.
I think it is very important to re-check the security of the internal system. And one more thing is that the community needs to remove wallets marked as hacked. It will make the hacked tokens unsellable. #BybitWalletHack
Bybit’s $1.5B hack is bullish - Lazarus has diamond hands.
Led by Park Jin Hyok, now wanted by the FBI.
They’ve just drained $1.46B in staked ETH & ERC-20 tokens from Bybit, making it the biggest crypto hack ever, twice the size of the second-largest breach.
How did they pull it off? Let’s break it down. 🧵👇
#BybitWalletHack #cryptonews
Led by Park Jin Hyok, now wanted by the FBI.
They’ve just drained $1.46B in staked ETH & ERC-20 tokens from Bybit, making it the biggest crypto hack ever, twice the size of the second-largest breach.
How did they pull it off? Let’s break it down. 🧵👇
#BybitWalletHack #cryptonews
$ETH
In a significant security breach, cryptocurrency exchange Bybit has reported the theft of approximately $1.5 billion in digital assets, primarily in Ethereum tokens. This incident stands as one of the largest in the history of digital asset thefts. The attackers managed to compromise one of Bybit's offline Ethereum wallets, commonly referred to as a "cold wallet," which is typically considered more secure than online "hot" wallets. Bybit's CEO, Ben Zhou, confirmed the breach and assured users that the exchange is securing a bridge loan from partners to compensate for any unrecovered assets. The stolen Ethereum was quickly dispersed across multiple accounts and sold, complicating recovery efforts. This event underscores the persistent security challenges within the cryptocurrency industry, which has seen a resurgence in large-scale thefts in recent years.
Researchers suggest that North Korean hackers may be responsible for this attack, potentially making North Korea one of the largest holders of Ether following the heist.
In response to the breach, Bybit has stated that customer assets remain secure and that the platform continues to operate without interruption. The company is collaborating with blockchain experts to investigate the incident and enhance security measures to prevent future occurrences.
This event highlights the ongoing vulnerabilities within the cryptocurrency sector, emphasizing the need for robust security protocols and continuous vigilance against sophisticated cyber threats.
#BybitHack #BTC #BybitWalletHack
In a significant security breach, cryptocurrency exchange Bybit has reported the theft of approximately $1.5 billion in digital assets, primarily in Ethereum tokens. This incident stands as one of the largest in the history of digital asset thefts. The attackers managed to compromise one of Bybit's offline Ethereum wallets, commonly referred to as a "cold wallet," which is typically considered more secure than online "hot" wallets. Bybit's CEO, Ben Zhou, confirmed the breach and assured users that the exchange is securing a bridge loan from partners to compensate for any unrecovered assets. The stolen Ethereum was quickly dispersed across multiple accounts and sold, complicating recovery efforts. This event underscores the persistent security challenges within the cryptocurrency industry, which has seen a resurgence in large-scale thefts in recent years.
Researchers suggest that North Korean hackers may be responsible for this attack, potentially making North Korea one of the largest holders of Ether following the heist.
In response to the breach, Bybit has stated that customer assets remain secure and that the platform continues to operate without interruption. The company is collaborating with blockchain experts to investigate the incident and enhance security measures to prevent future occurrences.
This event highlights the ongoing vulnerabilities within the cryptocurrency sector, emphasizing the need for robust security protocols and continuous vigilance against sophisticated cyber threats.
#BybitHack #BTC #BybitWalletHack
🚨🚨 Bybit hot wallet just moved out $1.5B of ETH.
Possibly hacked as per Investigator ZachXBT.
No Official Statement from Bybit yet.
#BybitHack #BybitWalletHack #bybit
Possibly hacked as per Investigator ZachXBT.
No Official Statement from Bybit yet.
#BybitHack #BybitWalletHack #bybit
‼️ Bybit Hacked: $1.46 Billion in ETH and stETH Stolen
Bybit has suffered a major security breach, with hackers draining $1.46 billion worth of ETH and stETH from its cold wallet. CEO Ben Zhou confirmed the attack, stating that other wallets remain secure and withdrawals are functioning normally. The stolen assets are being liquidated on decentralized exchanges, with around $200 million already sold. This marks one of the largest crypto hacks in history, surpassing past exploits like Mt. Gox and CoinCheck. ETH and BTC prices have dropped following the incident.
#BybitSecurityBreach #bybit #BybitWalletHack
Bybit has suffered a major security breach, with hackers draining $1.46 billion worth of ETH and stETH from its cold wallet. CEO Ben Zhou confirmed the attack, stating that other wallets remain secure and withdrawals are functioning normally. The stolen assets are being liquidated on decentralized exchanges, with around $200 million already sold. This marks one of the largest crypto hacks in history, surpassing past exploits like Mt. Gox and CoinCheck. ETH and BTC prices have dropped following the incident.
#BybitSecurityBreach #bybit #BybitWalletHack
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