📉 What happened?
Bybit, one of the most used exchanges globally, was recently hacked in an attack that resulted in the theft of over 401,000 ETH (about 1.4 billion dollars), becoming the largest cryptocurrency theft recorded to date.
🔍 How did they do it?
The attackers used a technique known as interface phishing, where they managed to get the signers to approve critical changes to smart contracts without realizing they were being deceived.
This allowed them to transfer funds from a cold wallet (normally secure) to a hot wallet (more vulnerable because it is online).
🛡️ What did Bybit do?
Activated emergency maintenance
Initiated a thorough security audit
Ensured that the funds from other wallets were not compromised
🌐 Impact on the crypto ecosystem
This hack reignites the debate about security in centralized exchanges, highlighting the need for secure self-management of assets and greater controls on multi-signature wallets.
📣 Final reflection
This event is a clear warning for the entire community:
👉 Investing in knowledge is as important as investing in assets.
👉 Security should never be underestimated.
💬 What do you think about what happened with Bybit?
🧠 Do you trust your cryptos to exchanges or do you prefer personal wallets?
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