The Crypto Exchange Bybit, established in Singapore, says that it has sustained a major fracture of security with his Ethereum (ETH) cold wallet.
According to the crypto -analyzed company ArkhamAbout $ 1.4 billion in ETH and Steth has been taken.
CEO Ben Zhou says that the infringement took place when an ETH transfer to a warm wallet was manipulated by a refined attack.
“Bybit ETH Multisig Cold Wallet has just made a switch to our warm wallet about 1 hour ago. It seems that this specific transaction had been erased, all signatories saw the musked onion that showed the right place and the URL was safe.
However, the signing message was to change the smart contract logic of our ETH -cold wallet. This resulted on Hacker took control of the specific ETH -cold wallet that we signed and all ETH in the cold wallet transferred to this non -created address. Be sure that all other cold portfolios are safe. All withdrawals are normal. “
According to Arkham, the hackers are already moving and sell the money.
Bybit says it works together with blockchain -forensic experts to investigate and try to restore the stolen funds.
The hack will be among the largest in the crypto history and surpasses the $ 473 million hack of the early Bitcoin Exchange Mt. Gox in 2014.
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