๐ฅ The crypto world was rocked today as Bybit Exchange suffered a massive $1.4 billion security breach! Hackers exploited a transfer between wallets, manipulating a smart contract to drain Ethereum-based assets.
๐ Market Impact:
๐ป Ethereum dropped 2% to $2,685
๐ป Bitcoin fell 1% to $96,632
๐ What Happened?
Attackers hijacked an ETH cold wallet and funneled funds into 39 different addresses to obscure the trail.
SlowMist suspects a North Korean hacking group is involved!
Binanceโs CZ advised Bybit to pause withdrawals for security.
๐ฐ Bybit's Response:
CEO Ben Zhou assured users that the exchange is financially stable.
No immediate ETH buybackโBybit seeks bridge loans to cover losses.
๐ Stay Safe!
This is another reminder to secure your assets. Always use hardware wallets & multi-sig protection!
๐ฌ What are your thoughts on this massive breach? Drop your comments! โฌ๏ธ
