Oh snap! 💥 Bybit, the crypto exchange, just got hit with a massive hack, losing over $1.4 billion in stETH and mETH! 😱 Onchain sleuth ZackXBT sounded the alarm, and Bybit's CEO, Ben Zhou, jumped into action. The hackers pulled a sneaky move, masking a transfer to a warm wallet with malicious code.
But don't worry, folks! Zhou assured us that cold wallets are safe and all withdrawals are normal. Bybit is staying solvent and client assets are 1:1 backed. The exchange is on the case, tracking the stolen funds and keeping operations smooth.