SecurityBreach
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🚨 $400M COINBASE HACK LINKED TO INDIA-BASED STAFF
A major breach has rocked Coinbase, traced back to 2 outsourced employees in Indore (via TaskUs).
🔍 Breach Details:
Data leak via phone camera
Bribed by cybercriminals
Sensitive user info compromised
💥 Fallout:
226 employees removed
Potential losses: $180M–$400M
Class-action lawsuit filed
📉 Raises red flags on outsourcing & insider threats in crypto security.
#Coinbase #CryptoHack #SecurityBreach
A major breach has rocked Coinbase, traced back to 2 outsourced employees in Indore (via TaskUs).
🔍 Breach Details:
Data leak via phone camera
Bribed by cybercriminals
Sensitive user info compromised
💥 Fallout:
226 employees removed
Potential losses: $180M–$400M
Class-action lawsuit filed
📉 Raises red flags on outsourcing & insider threats in crypto security.
#Coinbase #CryptoHack #SecurityBreach
#AiXBTSecurityBreach "AiXBTSecurityBreach" refers to a security incident involving AiXBT, a cryptocurrency platform. Specific details about the breach are currently limited. Users are advised to monitor official AiXBT communications for updates. citeturn0search0 #AiXBT #SecurityBreach #CryptoSecurity #BlockchainNews #UserAlert
‼️Insider Breach Confirmed⚠️
A targeted insider attack hit Coinbase:
Rogue overseas support agents were bribed by cybercriminals to access internal systems and steal user data.
The stolen data was used for social engineering attacks on select users.
Coinbase's response:
All victims will be reimbursed
They refused to pay the $20M ransom
Instead, they launched a $20M reward for info leading to arrests
This is a defining moment for crypto security.
#Coinbase #CryptoNews #SecurityBreach #CryptoSecurity
A targeted insider attack hit Coinbase:
Rogue overseas support agents were bribed by cybercriminals to access internal systems and steal user data.
The stolen data was used for social engineering attacks on select users.
Coinbase's response:
All victims will be reimbursed
They refused to pay the $20M ransom
Instead, they launched a $20M reward for info leading to arrests
This is a defining moment for crypto security.
#Coinbase #CryptoNews #SecurityBreach #CryptoSecurity
🚨 Four.Meme Suspends Launch Feature Amid Security Attack – Compensation for Affected Users! 🔥
Four.Meme has confirmed that it is facing a security attack, leading to an immediate suspension of its launch feature as the team rushes to investigate and secure the platform.
💡 What’s Happening?
🔹 The team is actively working to resolve the issue and implement stronger security measures.
🔹 Compensation will be provided to affected users.
🔹 A damage submission form has been introduced to collect reports of user losses.
📢 Official Statement:
“We will compensate affected users and provide a damage submission form to collect relevant information,” the Four.Meme team shared on X (Twitter).
🔎 Next Steps:
✔️ If you were affected, submit your report via the official form.
✔️ Stay updated by following Four.Meme’s official channels.
✔️ Exercise caution when interacting with any suspicious transactions.
This incident highlights the critical importance of security in DeFi. Will Four.Meme recover from this attack stronger than before?
#FourMeme #CryptoSecurity #DeFi #Web3 #Blockchain #SecurityBreach
Four.Meme has confirmed that it is facing a security attack, leading to an immediate suspension of its launch feature as the team rushes to investigate and secure the platform.
💡 What’s Happening?
🔹 The team is actively working to resolve the issue and implement stronger security measures.
🔹 Compensation will be provided to affected users.
🔹 A damage submission form has been introduced to collect reports of user losses.
📢 Official Statement:
“We will compensate affected users and provide a damage submission form to collect relevant information,” the Four.Meme team shared on X (Twitter).
🔎 Next Steps:
✔️ If you were affected, submit your report via the official form.
✔️ Stay updated by following Four.Meme’s official channels.
✔️ Exercise caution when interacting with any suspicious transactions.
This incident highlights the critical importance of security in DeFi. Will Four.Meme recover from this attack stronger than before?
#FourMeme #CryptoSecurity #DeFi #Web3 #Blockchain #SecurityBreach
$TRB
#SecurityBreach : Tellor's official Twitter account was compromised in a phishing #Scam ⚠️⚠️⚠️⚠️ , wherein attackers promoted a fake TRB airdrop‼️‼️
This incident eroded investor confidence and may have contributed to the subsequent price decline .
#SecurityBreach : Tellor's official Twitter account was compromised in a phishing #Scam ⚠️⚠️⚠️⚠️ , wherein attackers promoted a fake TRB airdrop‼️‼️
This incident eroded investor confidence and may have contributed to the subsequent price decline .
⚠️ $1.46 Billion Stolen from Bybit!
🐋 An unknown whale just withdrew 401,346 ETH ($1.46B) from Bybit and has started selling!
⚡️ Bybit CEO Responds:
💬 *"We are solvent. Even if the losses from the hack aren’t recovered, all customer assets are fully backed 1:1, and we can cover the losses."*
💰 Withdrawals remain operational as Bybit investigates and tracks the stolen funds.
What are your thoughts on this massive exploit? 🤯👇
#BybitHack #CryptoNews #Ethereum #SecurityBreach
🐋 An unknown whale just withdrew 401,346 ETH ($1.46B) from Bybit and has started selling!
⚡️ Bybit CEO Responds:
💬 *"We are solvent. Even if the losses from the hack aren’t recovered, all customer assets are fully backed 1:1, and we can cover the losses."*
💰 Withdrawals remain operational as Bybit investigates and tracks the stolen funds.
What are your thoughts on this massive exploit? 🤯👇
#BybitHack #CryptoNews #Ethereum #SecurityBreach
#AiXBTSecurityBreach **AIXBTSecurityBreach: A Wake-Up Call for Digital Defense**
The recent **AIXBTSecurityBreach** has exposed critical vulnerabilities in AI-driven blockchain systems, raising alarms across industries. Attackers exploited flaws in smart contract protocols and AI validation processes, compromising sensitive data and transactional integrity. This breach underscores the risks of merging advanced technologies without robust security frameworks.
Experts warn that inadequate encryption, rushed AI deployments, and human oversight enabled the breach, resulting in financial losses and eroded user trust. Companies are urged to prioritize multi-layered security audits, real-time threat detection, and decentralized data storage to mitigate future risks.
As AI and blockchain integration accelerates, the AIXBTSecurityBreach serves as a stark reminder: innovation must align with impenetrable safeguards to protect digital ecosystems.
#AIXBT #aixbt #AI #SecurityBreach
The recent **AIXBTSecurityBreach** has exposed critical vulnerabilities in AI-driven blockchain systems, raising alarms across industries. Attackers exploited flaws in smart contract protocols and AI validation processes, compromising sensitive data and transactional integrity. This breach underscores the risks of merging advanced technologies without robust security frameworks.
Experts warn that inadequate encryption, rushed AI deployments, and human oversight enabled the breach, resulting in financial losses and eroded user trust. Companies are urged to prioritize multi-layered security audits, real-time threat detection, and decentralized data storage to mitigate future risks.
As AI and blockchain integration accelerates, the AIXBTSecurityBreach serves as a stark reminder: innovation must align with impenetrable safeguards to protect digital ecosystems.
#AIXBT #aixbt #AI #SecurityBreach
🚨 BYBIT HACKED🚨
🚨 SECURITY ALERT🚨
Bybit CEO Confirms Hack—Here’s the Most Affected Altcoin!
Bybit has suffered a major security breach, with hackers stealing $1.46 billion in crypto and transferring it to their wallets.
🔎 What Happened?
Blockchain security firms detected unauthorized withdrawals from Bybit just minutes ago.
Hackers exploited an ETH multisig cold wallet, gaining full control and draining funds.
The stolen assets were quickly converted into sETH, suggesting an attempt to launder the funds.
📢 Bybit CEO’s Response:
Confirmed that only Ethereum (ETH) wallets were affected.
Stated that other cold wallets remain secure and withdrawals continue as normal.
💬 Is this the biggest crypto hack of 2025? Should exchanges improve security measures?
🔥 Like & Follow for real-time crypto security updates! 🚀
#CryptoHack #SecurityBreach #CyberSecurity #altcoins #bitcoin
🚨 SECURITY ALERT🚨
Bybit CEO Confirms Hack—Here’s the Most Affected Altcoin!
Bybit has suffered a major security breach, with hackers stealing $1.46 billion in crypto and transferring it to their wallets.
🔎 What Happened?
Blockchain security firms detected unauthorized withdrawals from Bybit just minutes ago.
Hackers exploited an ETH multisig cold wallet, gaining full control and draining funds.
The stolen assets were quickly converted into sETH, suggesting an attempt to launder the funds.
📢 Bybit CEO’s Response:
Confirmed that only Ethereum (ETH) wallets were affected.
Stated that other cold wallets remain secure and withdrawals continue as normal.
💬 Is this the biggest crypto hack of 2025? Should exchanges improve security measures?
🔥 Like & Follow for real-time crypto security updates! 🚀
#CryptoHack #SecurityBreach #CyberSecurity #altcoins #bitcoin
#crytocurrency
@Follow&Like
#SecurityBreach
The cryptocurrency exchange Cetus, which operates as the leading decentralized exchange and main liquidity provider on the SUI blockchain, has reportedly suffered a security breach. The attacker has taken control of all pools denominated in SUI tokens and exploited funds worth over $200 million. Reports indicate they have also begun transferring USDC tokens.
@Follow&Like
#SecurityBreach
The cryptocurrency exchange Cetus, which operates as the leading decentralized exchange and main liquidity provider on the SUI blockchain, has reportedly suffered a security breach. The attacker has taken control of all pools denominated in SUI tokens and exploited funds worth over $200 million. Reports indicate they have also begun transferring USDC tokens.
🤐🚨User Loses $2.5M in Copy-Paste Mistake — A Painful Lesson in Crypto Security$BTC
#SecurityBreach #CryptoAwareness #USDT #Ethereum
⚠️ Ouch!
A crypto user just lost over $2.5 million due to a simple but devastating copy-and-paste error — and it's a wake-up call for the entire crypto community.
💸 What Happened?$ETH
The user intended to send 843,166 USDT to a secure wallet.
But... they accidentally pasted the wrong address.
Worse still, they later sent an additional $1.7 million to the same scammer — thinking it was the correct destination.
Total loss: $2.5 million+.
🎭 The Scam Technique: 'Transaction History Poisoning'
Scammers are now sending small fake transactions to users' wallets, making them appear in recent transaction histories.
Users often copy these familiar-looking addresses, unknowingly sending funds straight into scammers’ pockets.
🔍 The Bigger Picture:
Phishing losses may be decreasing from March to April…
But the number of victims is rising.
One attacker even exploited Ethereum’s EIP-7702 in a phishing scheme — stealing nearly $150,000.
$XRP
📈 As crypto nears a $3.5 trillion market cap, the stakes are only getting higher.
---
Stay Safe, Stay Smart:
✅ Always double-check wallet addresses
✅ Avoid copying from transaction history
✅ Use trusted wallets with built-in scam filters
Have you faced a crypto close call? Share below & help others stay safe!
#SecurityBreach #CryptoAwareness #USDT #Ethereum
⚠️ Ouch!
A crypto user just lost over $2.5 million due to a simple but devastating copy-and-paste error — and it's a wake-up call for the entire crypto community.
💸 What Happened?$ETH
The user intended to send 843,166 USDT to a secure wallet.
But... they accidentally pasted the wrong address.
Worse still, they later sent an additional $1.7 million to the same scammer — thinking it was the correct destination.
Total loss: $2.5 million+.
🎭 The Scam Technique: 'Transaction History Poisoning'
Scammers are now sending small fake transactions to users' wallets, making them appear in recent transaction histories.
Users often copy these familiar-looking addresses, unknowingly sending funds straight into scammers’ pockets.
🔍 The Bigger Picture:
Phishing losses may be decreasing from March to April…
But the number of victims is rising.
One attacker even exploited Ethereum’s EIP-7702 in a phishing scheme — stealing nearly $150,000.
$XRP
📈 As crypto nears a $3.5 trillion market cap, the stakes are only getting higher.
---
Stay Safe, Stay Smart:
✅ Always double-check wallet addresses
✅ Avoid copying from transaction history
✅ Use trusted wallets with built-in scam filters
Have you faced a crypto close call? Share below & help others stay safe!
Cetus Protocol, a decentralized exchange on the Sui network, experienced a significant security breach, resulting in a substantial decline in associated tokens. Here's what's known so far:
- *Incident Details:* The Cetus team detected a problem in their protocol and temporarily stopped their smart contract for security purposes. They're investigating the issue and plan to release a detailed statement soon.
- *Financial Impact:* Over $260 million worth of cryptocurrency was withdrawn from the system, with most of it converted to USDC and transferred to the Ethereum network. Token prices, including LOFI, HIPPO, and CETUS, plummeted by more than 50% within an hour.
- *Binance's Response:* Binance CEO Richard Tong stated that they're aware of the concerns and are working to support the ecosystem and provide necessary assistance.
*Token Price Impact:*
- *CETUS Price:* Fell from $0.25 to $0.17 following the incident.
#CetusProtocol #SecurityBreach #CryptoIncident #SuiNetwork #binancesupport $CETUS
- *Incident Details:* The Cetus team detected a problem in their protocol and temporarily stopped their smart contract for security purposes. They're investigating the issue and plan to release a detailed statement soon.
- *Financial Impact:* Over $260 million worth of cryptocurrency was withdrawn from the system, with most of it converted to USDC and transferred to the Ethereum network. Token prices, including LOFI, HIPPO, and CETUS, plummeted by more than 50% within an hour.
- *Binance's Response:* Binance CEO Richard Tong stated that they're aware of the concerns and are working to support the ecosystem and provide necessary assistance.
*Token Price Impact:*
- *CETUS Price:* Fell from $0.25 to $0.17 following the incident.
#CetusProtocol #SecurityBreach #CryptoIncident #SuiNetwork #binancesupport $CETUS
#AiXBTSecurityBreach
AiXBTSecurityBreach refers to a security incident involving AI and BTS-related systems. #AiX #BTS #SecurityBreach #AI #CyberAttack #Tech
AiXBTSecurityBreach refers to a security incident involving AI and BTS-related systems. #AiX #BTS #SecurityBreach #AI #CyberAttack #Tech
#AiXBTSecurityBreach refers to a breach in AI and security systems, impacting privacy. #AI #BTS #SecurityBreach #Tech #Innovation #CyberSecurity
🚨 Major Hack at B..... Exchange: What Happened and What's Next 🚨
*Breaking News* - A major security breach occurred at *B.....* on Friday, with the exchange losing a staggering *1.5 billion* in Ethereum during a hack. 😱 Here’s everything you need to know about what went down and how they plan to recover:
—
*The Hack and What Was Lost*
On Friday, hackers accessed *B.....’s cold wallet* — a secure, offline storage system used to hold crypto. The attack resulted in the theft of *701.5 billion*. 😳
---
*B.....’s Response: The Bridge Loan*
In a live stream, *CEO Ben Zhou* confirmed that *B.....* had secured a *bridge loan* from *unnamed partners* to cover about *80% of the stolen Ether*. The bridge loan is meant to provide the exchange with enough liquidity to handle customer withdrawals and ensure operations continue without interruption. 💸
*Zhou’s statement*:
“We actually already secured almost 80% of the Ethereum that’s been stolen as a bridge loan to give us that liquidity, to help us with the liquidity crunch, so we can pass this crucial period.”
However, Zhou made it clear that *B.....* would not immediately purchase the stolen Ether to replenish the wallet due to the sheer size of the amount. 🛑
---
*Impact on Customers*
On the day of the hack, *customers withdrew a total of 500 million* from the exchange, as reported by *DefiLlama*. *Zhou* likened this to a *“bank run”*, urging customers to be patient while the company works to process the massive withdrawal requests. 🏃♂️💨
Despite the chaos, *B.....* emphasized that there were no plans to suspend or cancel withdrawals. *Zhou* reassured clients:
“Even today if all the B..... clients withdraw, we can give you withdrawals.”
—
*Reserves and Liquidity*
*B.....* has over *20 billion* in assets under management, so the exchange claims it has sufficient funds to honor customer withdrawals. However, since the stolen *Ether* was not fully backed by the exchange’s current holdings, they had to rely on the *bridge loan* to cover the gap. 💰
*Shunyet Jan*, the head of derivatives and institutions at *B.....*, explained:
“Our treasury has more than enough reserves to cover the Ethereum notional amount, but we don’t have enough Ethereum right now.”
---
*Investigation and Next Steps*
The breach is still under investigation, with *B.....* having filed a police report. The hacker used the stolen Ethereum in the cold wallet and sent it to an *unidentified address*. 🔍 The exact identity of the hacker remains unknown, but *B.....* is actively working with authorities to resolve the matter. 🕵️♂️
---
*Conclusion: How This Affects the Industry*
The *B.....* hack is one of the biggest crypto exchanges hacks in history. Prior to this, the *Ronin Network exploit* in March 2022, with a loss of $600 million, was the largest hack in the industry. *B.....* is working hard to resolve the situation, and their *bridge loan* should help them navigate this crisis while keeping customers’ funds safe.
As always, *cryptocurrency security* is crucial — so be sure to keep your funds protected and stay aware of any updates regarding this hack. 🔐
$ETH
#CryptoHack #SecurityBreach #Ethereum #CryptoSecurity #MarketNews
—
*The Hack and What Was Lost*
On Friday, hackers accessed *B.....’s cold wallet* — a secure, offline storage system used to hold crypto. The attack resulted in the theft of *701.5 billion*. 😳
---
*B.....’s Response: The Bridge Loan*
In a live stream, *CEO Ben Zhou* confirmed that *B.....* had secured a *bridge loan* from *unnamed partners* to cover about *80% of the stolen Ether*. The bridge loan is meant to provide the exchange with enough liquidity to handle customer withdrawals and ensure operations continue without interruption. 💸
*Zhou’s statement*:
“We actually already secured almost 80% of the Ethereum that’s been stolen as a bridge loan to give us that liquidity, to help us with the liquidity crunch, so we can pass this crucial period.”
However, Zhou made it clear that *B.....* would not immediately purchase the stolen Ether to replenish the wallet due to the sheer size of the amount. 🛑
---
*Impact on Customers*
On the day of the hack, *customers withdrew a total of 500 million* from the exchange, as reported by *DefiLlama*. *Zhou* likened this to a *“bank run”*, urging customers to be patient while the company works to process the massive withdrawal requests. 🏃♂️💨
Despite the chaos, *B.....* emphasized that there were no plans to suspend or cancel withdrawals. *Zhou* reassured clients:
“Even today if all the B..... clients withdraw, we can give you withdrawals.”
—
*Reserves and Liquidity*
*B.....* has over *20 billion* in assets under management, so the exchange claims it has sufficient funds to honor customer withdrawals. However, since the stolen *Ether* was not fully backed by the exchange’s current holdings, they had to rely on the *bridge loan* to cover the gap. 💰
*Shunyet Jan*, the head of derivatives and institutions at *B.....*, explained:
“Our treasury has more than enough reserves to cover the Ethereum notional amount, but we don’t have enough Ethereum right now.”
---
*Investigation and Next Steps*
The breach is still under investigation, with *B.....* having filed a police report. The hacker used the stolen Ethereum in the cold wallet and sent it to an *unidentified address*. 🔍 The exact identity of the hacker remains unknown, but *B.....* is actively working with authorities to resolve the matter. 🕵️♂️
---
*Conclusion: How This Affects the Industry*
The *B.....* hack is one of the biggest crypto exchanges hacks in history. Prior to this, the *Ronin Network exploit* in March 2022, with a loss of $600 million, was the largest hack in the industry. *B.....* is working hard to resolve the situation, and their *bridge loan* should help them navigate this crisis while keeping customers’ funds safe.
As always, *cryptocurrency security* is crucial — so be sure to keep your funds protected and stay aware of any updates regarding this hack. 🔐
$ETH
#CryptoHack #SecurityBreach #Ethereum #CryptoSecurity #MarketNews
TRON DAO Hack Alert!
TRON DAO's X account was compromised on May 2, 2025, with hackers posting fake contract addresses and sending DMs. The team warns users to ignore messages from that time and reports an ongoing investigation with law enforcement.
#TronHack #SecurityBreach #CryptoAlert
$TRX
TRON DAO's X account was compromised on May 2, 2025, with hackers posting fake contract addresses and sending DMs. The team warns users to ignore messages from that time and reports an ongoing investigation with law enforcement.
#TronHack #SecurityBreach #CryptoAlert
$TRX
*New York Post's X Account Compromised! 🚨*
The New York Post's official X account has allegedly been hacked, with scammers sending DMs to crypto users disguised as interview or podcast invitations. The scammers:
- Use verified account to send fake messages
- Claim to be journalists, such as Paul Sperry
- Ask recipients to communicate via Telegram
- Block users from replying to prevent detection
This incident is similar to a previous hack of The Defiant's X account. The New York Post has not publicly commented on the security concerns. 🚫
#NewYorkPost #XAccount #HackAlert #SecurityBreach #SocialMediaHack
The New York Post's official X account has allegedly been hacked, with scammers sending DMs to crypto users disguised as interview or podcast invitations. The scammers:
- Use verified account to send fake messages
- Claim to be journalists, such as Paul Sperry
- Ask recipients to communicate via Telegram
- Block users from replying to prevent detection
This incident is similar to a previous hack of The Defiant's X account. The New York Post has not publicly commented on the security concerns. 🚫
#NewYorkPost #XAccount #HackAlert #SecurityBreach #SocialMediaHack
What are Hardware Wallets?
Hardware wallets are physical devices that store cryptocurrency keys offline (cold storage), providing an extra layer of security. Even though they're safer from online threats, they can be a bit tricky to use and access compared to other wallets. But, if you plan to keep your crypto for a long time or have a lot of it, a hardware wallet might be a good choice.
You can set up a PIN code for extra protection, and most of them let you create a backup recovery phrase in case you lose your wallet. Trezor and Ledger are popular examples of hardware crypto wallets.
#security🔒
#SecurityBreach
#CryptoSecurityConcerns
Hardware wallets are physical devices that store cryptocurrency keys offline (cold storage), providing an extra layer of security. Even though they're safer from online threats, they can be a bit tricky to use and access compared to other wallets. But, if you plan to keep your crypto for a long time or have a lot of it, a hardware wallet might be a good choice.
You can set up a PIN code for extra protection, and most of them let you create a backup recovery phrase in case you lose your wallet. Trezor and Ledger are popular examples of hardware crypto wallets.
#security🔒
#SecurityBreach
#CryptoSecurityConcerns
Cambodia’s $19B Crypto Scam Empire Uncovered – A Wake-Up Call for the Blockchain World
#SecurityBreach #CryptoCrime #USDT #Ethereum
🚨 Breaking Report:
A shocking investigation by the Humanity Research Consultancy has exposed a $19 billion scam empire operating out of Cambodia — with deep ties to the country’s political elite and cryptocurrency.
🕵️♂️ What's Going On?$XRP
According to the report, senior Cambodian officials are allegedly involved in a transnational fraud network fueled by crypto assets like Ethereum $ETH and Tether (USDT). These scams rely on untraceable digital transactions and forced labor — a disturbing combo reshaping the criminal underworld.
💸 Who’s Behind It?
At the center: Huione Group, accused of laundering billions and even launching its own stablecoin to facilitate illicit payments. The scale?
⚠️ $19 $BTC Billion Annually!
🧠 Expert Insight:
Jacob Sims, the report's author, claims Cambodia’s state is not just complicit — it’s enabling these operations. This aligns with UNODC warnings that Southeast Asia is fast becoming a global scam hub powered by crypto.
#SecurityBreach #CryptoCrime #USDT #Ethereum
🚨 Breaking Report:
A shocking investigation by the Humanity Research Consultancy has exposed a $19 billion scam empire operating out of Cambodia — with deep ties to the country’s political elite and cryptocurrency.
🕵️♂️ What's Going On?$XRP
According to the report, senior Cambodian officials are allegedly involved in a transnational fraud network fueled by crypto assets like Ethereum $ETH and Tether (USDT). These scams rely on untraceable digital transactions and forced labor — a disturbing combo reshaping the criminal underworld.
💸 Who’s Behind It?
At the center: Huione Group, accused of laundering billions and even launching its own stablecoin to facilitate illicit payments. The scale?
⚠️ $19 $BTC Billion Annually!
🧠 Expert Insight:
Jacob Sims, the report's author, claims Cambodia’s state is not just complicit — it’s enabling these operations. This aligns with UNODC warnings that Southeast Asia is fast becoming a global scam hub powered by crypto.
BYBIT HACK UPDATE .....
BREAKING: Bybit Security Breach - What You Need to Know!
The crypto community is reeling from the latest security breach, this time affecting popular exchange Bybit. On February 21, 2025, Bybit reported a staggering loss of over $1.4 billion in Ethereum-based tokens, including liquid-staked Ether (stETH) and Mantle Staked ETH (mETH).
Here's a breakdown of what happened:
- *The Hack*: Attackers exploited a vulnerability in Bybit's multi-signature cold wallet, using a malicious contract to drain funds.
- *The Damage*: The breach resulted in a massive loss of over $1.4 billion, with the attacker transferring funds to an unidentified address.
- *The Aftermath*: Bybit's CEO, Ben Zhou, has assured users that the exchange remains solvent and is working to recover the stolen funds.
The incident has sent shockwaves through the crypto market, with Ethereum's price dropping by 2% and Bitcoin experiencing a 1% decline.
Stay vigilant and keep your assets safe!
Follow us for more updates on this developing story
.#BybitSecurityBreach #Bybit #SecurityBreach #Cryptocurrency #Ethereum #Bitcoin
BREAKING: Bybit Security Breach - What You Need to Know!
The crypto community is reeling from the latest security breach, this time affecting popular exchange Bybit. On February 21, 2025, Bybit reported a staggering loss of over $1.4 billion in Ethereum-based tokens, including liquid-staked Ether (stETH) and Mantle Staked ETH (mETH).
Here's a breakdown of what happened:
- *The Hack*: Attackers exploited a vulnerability in Bybit's multi-signature cold wallet, using a malicious contract to drain funds.
- *The Damage*: The breach resulted in a massive loss of over $1.4 billion, with the attacker transferring funds to an unidentified address.
- *The Aftermath*: Bybit's CEO, Ben Zhou, has assured users that the exchange remains solvent and is working to recover the stolen funds.
The incident has sent shockwaves through the crypto market, with Ethereum's price dropping by 2% and Bitcoin experiencing a 1% decline.
Stay vigilant and keep your assets safe!
Follow us for more updates on this developing story
.#BybitSecurityBreach #Bybit #SecurityBreach #Cryptocurrency #Ethereum #Bitcoin
🚨 Bybit Hack: Stolen $1.4B Likely Being Laundered Through Crypto Mixers
The Bybit hack, the largest in crypto history, is entering its money-laundering phase, with blockchain analysts suspecting the use of mixers and cross-chain transactions.
🔎 Elliptic’s Investigation:
Blockchain security firm Elliptic linked the attack to North Korea’s Lazarus Group.The stolen assets are likely being converted into ETH before laundering.Over 50 wallets received 10,000 ETH each, with 10% of the funds already moved.
💰 How Hackers Launder Crypto:
1️⃣ Spreading funds across multiple wallets
2️⃣ Using cross-chain bridges to move funds between blockchains
3️⃣ Swapping assets via DEXs for harder traceability
4️⃣ Sending funds through Tornado Cash & other mixers
⚠️ Exchange Involvement?
Elliptic claims a crypto exchange, eXch, has allowed laundering despite Bybit’s warnings—though eXch denied involvement in a February 23 statement.
📢 Bybit Covers All Losses
On February 24, Bybit CEO Ben Zhou announced the exchange fully replaced the $1.4B in stolen ETH and will soon publish a new proof-of-reserve report.
💬 Should regulators crack down on mixers, or is privacy still a priority?
🔥 Like & Follow for real-time crypto security updates! 🚀
#bybit #CryptoHack #SecurityBreach #blockchain #LazarusGroup
The Bybit hack, the largest in crypto history, is entering its money-laundering phase, with blockchain analysts suspecting the use of mixers and cross-chain transactions.
🔎 Elliptic’s Investigation:
Blockchain security firm Elliptic linked the attack to North Korea’s Lazarus Group.The stolen assets are likely being converted into ETH before laundering.Over 50 wallets received 10,000 ETH each, with 10% of the funds already moved.
💰 How Hackers Launder Crypto:
1️⃣ Spreading funds across multiple wallets
2️⃣ Using cross-chain bridges to move funds between blockchains
3️⃣ Swapping assets via DEXs for harder traceability
4️⃣ Sending funds through Tornado Cash & other mixers
⚠️ Exchange Involvement?
Elliptic claims a crypto exchange, eXch, has allowed laundering despite Bybit’s warnings—though eXch denied involvement in a February 23 statement.
📢 Bybit Covers All Losses
On February 24, Bybit CEO Ben Zhou announced the exchange fully replaced the $1.4B in stolen ETH and will soon publish a new proof-of-reserve report.
💬 Should regulators crack down on mixers, or is privacy still a priority?
🔥 Like & Follow for real-time crypto security updates! 🚀
#bybit #CryptoHack #SecurityBreach #blockchain #LazarusGroup
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