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A known contact on TG reached out to me to ask for a chat. Scheduled a Zoom call. When I got on the Zoom, it asked me for camera access which I found a bit odd because I have used Zoom many times.
Even crazier, the team members had their cameras on. I could see their legit faces. Everything looked very real. But I couldn’t hear them. It said my Zoom needs an update. But it asked me to download a script file.
I immediately left. Messaged the guy on Telegram and told him to call me on TG to verify him. He then proceeded to erase all the messages and block me.
#Hacked #HackerAlert
Even crazier, the team members had their cameras on. I could see their legit faces. Everything looked very real. But I couldn’t hear them. It said my Zoom needs an update. But it asked me to download a script file.
I immediately left. Messaged the guy on Telegram and told him to call me on TG to verify him. He then proceeded to erase all the messages and block me.
#Hacked #HackerAlert
AiXBT Hacked! $100K Ethereum Stolen – Is Your Crypto Safe?
AiXBT Security Breach: AI Crypto Trading System Hacked, $100,000 in Ethereum Stolen
On March 18, 2025, the AI-powered crypto trading platform AiXBT suffered a major security breach, resulting in the theft of 55.5 Ethereum (around $104,000). Following the attack, AiXBT's token price dropped by 6%, raising concerns about the security of AI-based trading platforms. (Source)
How the Attack Happened
Hacker Strategy: The attacker, identified as "FungusMan," exploited AiXBT’s secure dashboard and manipulated the AI into approving two fake transactions, resulting in the loss of 55.5 ETH.
Impact on Investors: Although AiXBT’s core trading system remained safe, investor confidence was shaken, causing a significant drop in AiXBT token value.
AiXBT’s Response
After detecting the breach, AiXBT took immediate action:
✔ Blocked the compromised access
✔ Reported the hacker’s wallet address
✔ Initiated a server migration to prevent future attacks
Key Takeaways for Investors
This incident highlights the risks of AI-driven trading systems and the importance of robust security measures. Investors should thoroughly research platform security before trusting AI-based financial services.
🔗 Read the full article here: Invezz
#AiXBTSecurityBreach #Hacked #AIXBTGrowth $AIXBT
AiXBT Security Breach: AI Crypto Trading System Hacked, $100,000 in Ethereum Stolen
On March 18, 2025, the AI-powered crypto trading platform AiXBT suffered a major security breach, resulting in the theft of 55.5 Ethereum (around $104,000). Following the attack, AiXBT's token price dropped by 6%, raising concerns about the security of AI-based trading platforms. (Source)
How the Attack Happened
Hacker Strategy: The attacker, identified as "FungusMan," exploited AiXBT’s secure dashboard and manipulated the AI into approving two fake transactions, resulting in the loss of 55.5 ETH.
Impact on Investors: Although AiXBT’s core trading system remained safe, investor confidence was shaken, causing a significant drop in AiXBT token value.
AiXBT’s Response
After detecting the breach, AiXBT took immediate action:
✔ Blocked the compromised access
✔ Reported the hacker’s wallet address
✔ Initiated a server migration to prevent future attacks
Key Takeaways for Investors
This incident highlights the risks of AI-driven trading systems and the importance of robust security measures. Investors should thoroughly research platform security before trusting AI-based financial services.
🔗 Read the full article here: Invezz
#AiXBTSecurityBreach #Hacked #AIXBTGrowth $AIXBT
🚨BREAKING $NEWS: NORTH KOREAN HACKERS HAVE STOLEN UP TO $1.3 BILLION IN CRYPTO THIS YEAR #Hacked #XmasCryptoMiracles #Crypto2025Trends #MarketRebound #BinanceLabsBacksUsual $BTC $BNB
#bybit
Bybit Hack
On February 21, 2025
, Bybit,
a major cryptocurrency exchange, suffered a
significant hack that resulted in the theft of approximately
$1.5 billion
in digital assets, primarily Ethereum and related tokens.
The hackers exploited a cold wallet, leading to massive withdrawals and a
sell-off of Ethereum, with trading volume surging 60%.
Details of the Hack:
Amount Stolen:
Approximately $1.5 billion in ETH and related tokens.
Method:
The hackers used a deceptive interface to trick Bybit’s team into
authorizing a malicious transaction, which altered the smart contract logic
of the cold wallet.
Impact:
Bybit confirmed the hack and assured users that their assets are
secure and will be covered.
Investigation:
On-chain analyst ZachXBT provided evidence linking the hack to the
Lazarus Group, a North Korean hacker collective, and confirmed that the
same wallets used in the Bybit hack were also involved in the recent
Phemex breach.
Market Reaction:
The crypto market reacted negatively, with Bitcoin, XRP, and Dogecoin
experiencing significant drops in value.
Recovery Efforts:
Bybit CEO Ben Zhou stated that the exchange is solvent and can cover the
loss, as all client assets are 1 to 1 backed.
Efforts to recover the stolen funds are unlikely due to the nature of the hack
and the rapid dispersal of assets across multiple wallets.
Further Developments:
The incident has raised concerns about the security of cold wallets and the
potential for future attacks.
Crypto exchanges and users are advised to remain vigilant and
implement robust security measures.
#Write2Earn
#bybit
#TopVoices
#Hacked
Bybit Hack
On February 21, 2025
, Bybit,
a major cryptocurrency exchange, suffered a
significant hack that resulted in the theft of approximately
$1.5 billion
in digital assets, primarily Ethereum and related tokens.
The hackers exploited a cold wallet, leading to massive withdrawals and a
sell-off of Ethereum, with trading volume surging 60%.
Details of the Hack:
Amount Stolen:
Approximately $1.5 billion in ETH and related tokens.
Method:
The hackers used a deceptive interface to trick Bybit’s team into
authorizing a malicious transaction, which altered the smart contract logic
of the cold wallet.
Impact:
Bybit confirmed the hack and assured users that their assets are
secure and will be covered.
Investigation:
On-chain analyst ZachXBT provided evidence linking the hack to the
Lazarus Group, a North Korean hacker collective, and confirmed that the
same wallets used in the Bybit hack were also involved in the recent
Phemex breach.
Market Reaction:
The crypto market reacted negatively, with Bitcoin, XRP, and Dogecoin
experiencing significant drops in value.
Recovery Efforts:
Bybit CEO Ben Zhou stated that the exchange is solvent and can cover the
loss, as all client assets are 1 to 1 backed.
Efforts to recover the stolen funds are unlikely due to the nature of the hack
and the rapid dispersal of assets across multiple wallets.
Further Developments:
The incident has raised concerns about the security of cold wallets and the
potential for future attacks.
Crypto exchanges and users are advised to remain vigilant and
implement robust security measures.
#Write2Earn
#bybit
#TopVoices
#Hacked
Gemini and Coinbase face wave of crypto scams
Users are receiving mass phishing emails falsely claiming that Gemini has filed for bankruptcy, urging them to withdraw assets to a “safe” wallet.
Scammers requested users to provide their seed phrase, allowing them full access to victims’ funds.
✍️ At the same time, Coinbase confirmed that one of its employees accessed customer account data without authorization. The exchange stated that user funds remain secure.
#TrumpTariffs #HackerAlert #Hacked
Users are receiving mass phishing emails falsely claiming that Gemini has filed for bankruptcy, urging them to withdraw assets to a “safe” wallet.
Scammers requested users to provide their seed phrase, allowing them full access to victims’ funds.
✍️ At the same time, Coinbase confirmed that one of its employees accessed customer account data without authorization. The exchange stated that user funds remain secure.
#TrumpTariffs #HackerAlert #Hacked
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
🚨 #KaitoXAccountHacked – Another Crypto Security Wake-Up Call! 🔒
Breaking news! 🔥 The KaitoX account has been hacked, raising serious concerns over crypto security & exchange vulnerabilities. 🛑 Cyberattacks are becoming more frequent—are you prepared?
🔹 Key Takeaways:
🔸 Funds at risk? Users must check for unusual activity! ⚠️
🔸 Security lessons: Always enable 2FA & cold storage! 🔐
🔸 Impact on trust? Will this shake confidence in centralized platforms? 📉
🛡️ Protect your assets before it’s too late! Stay vigilant, and let’s discuss security strategies below! 👇
#CryptoSecurity #DeFi #Hacked #Web3
$BTC
Breaking news! 🔥 The KaitoX account has been hacked, raising serious concerns over crypto security & exchange vulnerabilities. 🛑 Cyberattacks are becoming more frequent—are you prepared?
🔹 Key Takeaways:
🔸 Funds at risk? Users must check for unusual activity! ⚠️
🔸 Security lessons: Always enable 2FA & cold storage! 🔐
🔸 Impact on trust? Will this shake confidence in centralized platforms? 📉
🛡️ Protect your assets before it’s too late! Stay vigilant, and let’s discuss security strategies below! 👇
#CryptoSecurity #DeFi #Hacked #Web3
$BTC
JUST IN: Bybit crypto exchange hacked, $1.4 billion $ETH and $stETH stolen, ZachXBT reports.
#Eth #hacked #safeWallet
#Eth #hacked #safeWallet
See original
#🔴 DON'T FALL INTO PANIC! THIS IS WHAT THE MEDIA DOESN'T TELL YOU…
🚨 **DON'T BE FOOLED: THE QUANTUM ATTACK WAS NOT ON BITCOIN 🚨
📢 Recently, the media has spread alarming news about a supposed quantum hack on Bitcoin, but this is FALSE. Bitcoin has NOT been hacked, its network remains intact and secure. 🔒
💻 What really happened?
A group of Chinese scientists managed to break certain encryption algorithms using a quantum computer. This was NOT an attack on Bitcoin, but on the security of certain encryption systems that also protect banks, governments, and many digital platforms. This can happen to BBVA, Bancolombia, or any other institution that uses similar encryptions.
🔍 What does this mean for Bitcoin?
✅ Bitcoin has not been compromised.
✅ Wallets remain secure.
✅ It was a laboratory experiment, not a real attack.
✅ All banking and financial systems must update their systems against future quantum threats.
💰 Why do the media exaggerate?
Because when they sow fear, people panic and sell their assets. Big capital takes advantage of these drops to buy low and then the market rises again.
🚀 DON'T LET YOURSELF BE MANIPULATED
The rise is closer than you think. The market is not crashing; it is preparing to take off. Stay informed, don't let fear guide you.
⚠️ ALERT: If you sell out of fear, those who truly win are the ones who want you to lose.
#BBVABitcoinGreenlight #BinanceAlphaAlertl #Hacked #StablecoinGoldRush
🚨 **DON'T BE FOOLED: THE QUANTUM ATTACK WAS NOT ON BITCOIN 🚨
📢 Recently, the media has spread alarming news about a supposed quantum hack on Bitcoin, but this is FALSE. Bitcoin has NOT been hacked, its network remains intact and secure. 🔒
💻 What really happened?
A group of Chinese scientists managed to break certain encryption algorithms using a quantum computer. This was NOT an attack on Bitcoin, but on the security of certain encryption systems that also protect banks, governments, and many digital platforms. This can happen to BBVA, Bancolombia, or any other institution that uses similar encryptions.
🔍 What does this mean for Bitcoin?
✅ Bitcoin has not been compromised.
✅ Wallets remain secure.
✅ It was a laboratory experiment, not a real attack.
✅ All banking and financial systems must update their systems against future quantum threats.
💰 Why do the media exaggerate?
Because when they sow fear, people panic and sell their assets. Big capital takes advantage of these drops to buy low and then the market rises again.
🚀 DON'T LET YOURSELF BE MANIPULATED
The rise is closer than you think. The market is not crashing; it is preparing to take off. Stay informed, don't let fear guide you.
⚠️ ALERT: If you sell out of fear, those who truly win are the ones who want you to lose.
#BBVABitcoinGreenlight #BinanceAlphaAlertl #Hacked #StablecoinGoldRush
🚨 **HACK ALERT!** 🚨
💥 **$13M vanished!** #Abracadabra hit by a **massive exploit**—is #crypto security **falling apart?** 😱🔓
⚠️ Holders of #ETH & #GMX, is your **money safe?** Or is this just the **beginning** of more attacks? 👀💰
#CryptoNews #Hacked #defi
💥 **$13M vanished!** #Abracadabra hit by a **massive exploit**—is #crypto security **falling apart?** 😱🔓
⚠️ Holders of #ETH & #GMX, is your **money safe?** Or is this just the **beginning** of more attacks? 👀💰
#CryptoNews #Hacked #defi
⚠️ Bybit se $1.46 Billion ka Hack! 😱💸
🚨 Ek unknown whale ne 401,346 ETH (~$1.46 billion) exchange se withdraw karke bechna shuru kar diya! 📉🔥
⚡️ Bybit CEO ka bayan:
✅ "Hum solvent hain!" 💪
✅ "Hack ke losses recover na bhi ho sakein, phir bhi sabhi customers ke funds 1:1 fully backed hain." 🛡️
💰 Withdrawals abhi bhi smoothly chal rahe hain, jab tak investigation chal rahi hai aur stolen funds trace kiye ja rahe hain. 🕵️♂️🔍
📢 Aapka is hack ke baare me kya sochna hai? 🤔👇
#BybitHack #CryptoSecurity #Ethereum #Hacked
🚨 Ek unknown whale ne 401,346 ETH (~$1.46 billion) exchange se withdraw karke bechna shuru kar diya! 📉🔥
⚡️ Bybit CEO ka bayan:
✅ "Hum solvent hain!" 💪
✅ "Hack ke losses recover na bhi ho sakein, phir bhi sabhi customers ke funds 1:1 fully backed hain." 🛡️
💰 Withdrawals abhi bhi smoothly chal rahe hain, jab tak investigation chal rahi hai aur stolen funds trace kiye ja rahe hain. 🕵️♂️🔍
📢 Aapka is hack ke baare me kya sochna hai? 🤔👇
#BybitHack #CryptoSecurity #Ethereum #Hacked
Bybit Hackers Identified – North Korean Cybercriminals Behind $1.5B Theft! 🚨
Investigations confirm that Park Jin Hyok, a North Korean computer engineer linked to the Lazarus Group, played a key role in the $1.5 billion Bybit hack. The notorious cybercrime syndicate has been responsible for some of the biggest crypto heists in history!
🔎 Key Findings:
• Blockchain analyst ZachXBT, in collaboration with Arkham Intelligence, traced stolen funds back to Lazarus-linked wallets.
• The same group was previously linked to the $70M Phemex attack in January 2025.
• Lazarus continues to exploit crypto exchanges, DeFi platforms, and bridge protocols, targeting weak security systems.
🔥 What This Means for Crypto?
With North Korean state-sponsored hackers intensifying their attacks, crypto traders and exchanges must prioritize security to prevent future breaches. Regulators are closely watching!
💡 Pro Tip: Always use hardware wallets, enable 2FA, and avoid interacting with unknown smart contracts to keep your assets safe!
#BinanceAirdropAlert
#Hacked
Investigations confirm that Park Jin Hyok, a North Korean computer engineer linked to the Lazarus Group, played a key role in the $1.5 billion Bybit hack. The notorious cybercrime syndicate has been responsible for some of the biggest crypto heists in history!
🔎 Key Findings:
• Blockchain analyst ZachXBT, in collaboration with Arkham Intelligence, traced stolen funds back to Lazarus-linked wallets.
• The same group was previously linked to the $70M Phemex attack in January 2025.
• Lazarus continues to exploit crypto exchanges, DeFi platforms, and bridge protocols, targeting weak security systems.
🔥 What This Means for Crypto?
With North Korean state-sponsored hackers intensifying their attacks, crypto traders and exchanges must prioritize security to prevent future breaches. Regulators are closely watching!
💡 Pro Tip: Always use hardware wallets, enable 2FA, and avoid interacting with unknown smart contracts to keep your assets safe!
#BinanceAirdropAlert
#Hacked
#BTC #ETH #solana
⁉️💸⬇️⁉️
Don't believe the indicators are green!
Mathematical analysis cannot be done in the crypto market.The market is driven by their manipulation. The #Hacked incident is a lie ...
Be Careful !!! Redirection(down) continues.⁉️
Coins that I have observed and have strong indicators: ⬇️⬇️⬇️
$LTC
$PROM
$TRX
Crypto is DECENTRALIZED !!! (This is a Joke)
#Decentralized
#CryptoisDecentralized
*Is not investment advice! The above analysis and strategies are for reference only. Please bear the risk yourself. *
⁉️💸⬇️⁉️
Don't believe the indicators are green!
Mathematical analysis cannot be done in the crypto market.The market is driven by their manipulation. The #Hacked incident is a lie ...
Be Careful !!! Redirection(down) continues.⁉️
Coins that I have observed and have strong indicators: ⬇️⬇️⬇️
$LTC
$PROM
$TRX
Crypto is DECENTRALIZED !!! (This is a Joke)
#Decentralized
#CryptoisDecentralized
*Is not investment advice! The above analysis and strategies are for reference only. Please bear the risk yourself. *
#BybitSecurityBreach Ethereum rollback deemed 'technically intractable' amid Bybit hack pressure.
Despite growing calls from the crypto industry to roll back the Ethereum network to its pre-Feb. 21 state, before the Lazarus Group’s $1.5 billion hack on crypto exchange Bybit, Ethereum core developer Tim Beiko warns against the idea. He says such a move would be complex and carry significant consequences.
“It’s worth breaking down why this reasonably sounding proposal is technically intractable for less knowledgeable observers,” Beiko said in a Feb. 22 X
The Bybit hack isn't like TheDAO in 2016
The Bybit hack on Feb. 21 happened after a transfer from the exchange’s multisig wallet to a warm wallet, which looked legitimate but had malicious code that altered the smart contract logic to steal funds.
“A compromised interface made it appear as though a transaction was doing one thing while it was actually doing another,” Beiko said.
Beiko said the transaction looked like any other and didn’t break any protocol rules that would allow a fix to recover the hacked funds. He added that unlike the 2016 exploit of TheDAO — which often causes confusion about rollbacks — there’s no clear way to reverse this case without broader implications.
#Write2Earn #PI #Hacked #LitecoinETF $ETH $BTC $SOL
Despite growing calls from the crypto industry to roll back the Ethereum network to its pre-Feb. 21 state, before the Lazarus Group’s $1.5 billion hack on crypto exchange Bybit, Ethereum core developer Tim Beiko warns against the idea. He says such a move would be complex and carry significant consequences.
“It’s worth breaking down why this reasonably sounding proposal is technically intractable for less knowledgeable observers,” Beiko said in a Feb. 22 X
The Bybit hack isn't like TheDAO in 2016
The Bybit hack on Feb. 21 happened after a transfer from the exchange’s multisig wallet to a warm wallet, which looked legitimate but had malicious code that altered the smart contract logic to steal funds.
“A compromised interface made it appear as though a transaction was doing one thing while it was actually doing another,” Beiko said.
Beiko said the transaction looked like any other and didn’t break any protocol rules that would allow a fix to recover the hacked funds. He added that unlike the 2016 exploit of TheDAO — which often causes confusion about rollbacks — there’s no clear way to reverse this case without broader implications.
#Write2Earn #PI #Hacked #LitecoinETF $ETH $BTC $SOL
🚨BREAKING: 🇰🇵North Korea’s Lazarus group behind $1.4 billion ByBit hack, according to zachxbt reports🔒
#BybitSecurityBreach
#Hacked
#BybitSecurityBreach
#Hacked
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