What's hot in crypto since last night. Bybit app asset reserves got hacked.
Bybit founder confirms hack worth $1.4 billion $ETH or around 20 trillion rupiah.
This is the biggest theft in crypto history.
The following is a report from Arkham Intelligence, a company that operates a cryptocurrency exchange platform and public data application.
According to Arkham's data, the hacker divided all coins into 53 wallets. On average, 10k $ETH was sent to each wallet.
Thankfully there is an IT expert who has an X account @zachxbt. He tracked the hacker's movements. Well, it turns out the hacker is the Lazarus Group from North Korea 🇰🇵
Every major theft that happens. The perpetrator is always from North Korea 🇰🇵
Even though the country is closed, why are the hackers so good there?
Binance helps fund Bybit, so that Bybit users have nothing to lose.
Binance's move is good, so that crypto doesn't get worse in the eyes of the world.
Well, here CZ (Changpeng Zao), Founder of Binance, is always at the forefront to help, because Uncle CZ has always had a principle in this industry, BUIDL TOGETHER (building together).
Flashback to 2022, precisely at the end of the year. The case of the collapse of the FTX exchange, there Binance also acquired FTX to help save the liquidation crisis.
CZ tries to convince people by telling them about Binance's advantages and also plans about the proof-of-reverses that will be implemented.
Since then, Binance has also released Proof Of Reserves 1:1 (Binance Reserve Proof System) to keep user funds safe and maintain transparency.
