🚨 BYBIT HACKED for $1.5 BILLION - The Aftermatch:
We received some new info on the $1,500,000,000 hack, which was most likely the biggest attack of 2025. When Bybit lost $1.5 billion in ETH earlier this year, the entire crypto industry froze. The hack- later traced to North Korea’s Lazarus Group - wasn’t just another exploit. It was a reckoning.
The attack started with a compromised SafeWallet developer machine that injected malicious code into a routine transaction. One small approval turned into the largest theft in crypto history.
But here’s the twist - SafeWallet’s core code wasn’t the problem. The hack exposed the weakest link in Web3: humans. As Safe CEO Rahul Rumalla put it, “The world of self-custody is fragmented. Security is a shared responsibility.” In response, SafeWallet went back to the drawing board - literally rearchitecting its infrastructure from the ground up.
- Transaction-level protection ✅
- Signer device security ✅
- Infrastructure hardening and real-time audits ✅
The Lazarus attack didn’t just push one company to evolve - it forced the entire ecosystem to face an uncomfortable truth. Attackers aren’t just writing code. They’re in Telegram chats, DAOs, and even job interviews.
Still, there’s a silver lining. The protocol itself held up. The fix is about building smarter defenses around that code - and educating users to stop “blind signing” what they don’t understand. Crypto security just entered its next era. Less blind trust. More verified action.
#ByBit #ScamAlert #Hacking #LazarusGroup #CryptoMarketNews