๐จ๐จ $1.5 Billion Cryptocurrency Hack!
A devastating cyberattack has resulted in the theft of over 400,000 ETH and stETH worth a staggering $1.5 billion!
The hackers exploited a potential vulnerability in a user interface, altering the smart contract logic and gaining control of the ETH Cold Wallet.
Bybit assures users that their cryptocurrency holdings are safe, despite possible delays in processing withdrawals. The exchange claims to have more than enough assets to cover the loss, with AUM exceeding $20 billion.
This massive hack is a stark reminder of the growing threat of cryptocurrency crime. According to Chainalysis, cryptocurrency criminal activity surged in 2024, with $2.2 billion stolen - a 20% year-over-year increase.