🚨 BREAKING: Bybit confirms its $ETH cold wallet was compromised due to a UI spoofing attack.
Hackers altered the smart contract logic, gaining control and drained $1B+ of funds.
Bybit detected unauthorized activity involving one of our ETH cold wallets. The incident occurred when our ETH multisig cold wallet executed a transfer to our warm wallet. Unfortunately, this transaction was manipulated through a sophisticated attack that masked the signing interface, displaying the correct address while altering the underlying smart contract logic. As a result, the attacker was able to gain control of the affected ETH cold wallet and transfer its holdings to an unidentified address.
Our security team, alongside leading blockchain forensic experts and partners, is actively investigating the incident. Any teams with expertise in blockchain analytics and fund recovery who can assist in tracing these assets are welcome to collaborate with us.
We want to assure our users and partners that all other Bybit cold wallets remain fully secure. All client funds are safe, and our operations continue as usual without any disruption.
Transparency and security remain our top priorities, and we will provide updates asap
#Bitcoin ETFs.
Learn the differences between Spot and Futures offerings.
Swipe for the answers �#Bitcoin ETFs.
Learn the differences between Spot and Futures offerings.
Swipe for the answers �#Bitcoin ETFs.
Learn the differences between Spot and Futures offerings.
Swipe for the answers 👉
We’re pleased to share we’ve reached resolution with several US agencies related to their investigations.
This allows us to turn the page on a challenging yet transformative chapter of learning that has helped us become stronger, safer, and an even more secure platform.
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