🚨🚨🚨 Earlier today the major cryptocurrency exchange #bybit was hacked, with approximately $1.4 billion worth of Ethereum stolen from its cold wallet.
Despite this,Bybit's CEO, Ben Zhou assured users that withdrawals are not affected and the platform remains operational.
Investigations into the hack have linked the attack to North Korea's Lazarus Group, a notorious hacking collective known for cyberattacks on financial institutions
There was a sharp drop in open interest on Bybit, especially in Bitcoin trading pairs.
Binance's CEO CZ advised Bybit to pause withdrawals to limit further losses.
The stolen Ethereum was quickly dispersed and sold. An investigation into the breach is ongoing.
#BybitSecurityBreach #CryptoNews $ETH $BTC
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