The Bybit hack is officially the largest crypto heist in HISTORY.

HISTORY WAS MADE

$1.4B+ stolen and still counting. That's 16% of ALL previous crypto hacks COMBINED.

Here's what happened:

All signers of the multisig wallet were social engineering to sign the transaction by showing the fake UI displayed the correct address and SAFE url. After signed, the transaction was approved! DONE & $1.4B was gone.

The attacker somehow:

1. Identified every multisig signers

2. Infected each signer's device with malware

3. Made the UI show a different transaction than what was actually being signed

4. Got all signers to approve without suspicion

This is the next level of social engineering to bypass multisig putting the Cold wallet security as a piece of cake.

Just wow!#VIRTUALWhale #SECStaking #BybitSecurityBreach #SECStaking #BinanceAirdropAlert $ETH