🚨 Bybit Hacked: $1.4B in ETH Stolen 🚨

A hacker compromised Bybit’s $ETH cold wallet, draining over $1.4 billion in funds. The exploit, disguised as a legitimate transaction, altered the wallet’s smart contract logic to siphon assets.

🔹 Key Updates:

- Bybit assures users that all client funds are 1:1 backed despite the loss.

- Cold wallets remain secure, and operations continue as usual.

- ETH price dropped 3%, with massive withdrawals following the hack.

Is this a wake-up call for crypto security? 🔐 Stay tuned for updates!

#BybitSecurityBreach