Crypto Chaos: Bybit Hacked for $1.4 Billion! 😱💸

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Well, folks, grab your popcorn because the cryptocurrency exchange Bybit just got hacked for a whopping $1.4 billion in liquid-staked Ether (stETH) and MegaETH (mETH). Yes, you heard that right! According to our favorite onchain detective, ZackXBT, it’s like a heist movie, but with fewer car chases and more spreadsheets.

In the aftermath, our digital Sherlock Holmes warned users to blacklist the addresses associated with this cyber crime. Meanwhile, Bybit’s co-founder and CEO, Ben Zhou, took a break from his usual CEO duties to provide an update on this security breach. Spoiler alert: it’s not good.

Zhou confirmed that a transfer was made from the exchange’s multisignature wallet to a warm wallet about an hour before the hack. Because who doesn’t love a little pre-heist warm-up, right?

He went on to explain that the transaction was cleverly disguised to look legit, but it was actually a sneaky little trick designed to mess with the smart contract logic and siphon off funds. Classic! Zhou reassured customers with a heartfelt message:

“Please rest assured that all other cold wallets are secure. All withdrawals are NORMAL. I will keep you guys posted as more develops. If any team can help us to track the stolen fund will be appreciated.”

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So, in case you were wondering, this incident is just the latest in a string of hacks and security incidents that have been popping up like weeds in 2024 and early 2025. Who knew the crypto world could be so… thrilling?

This is a developing story, and we’ll keep you updated as more information rolls in. Stay tuned, and remember: always check your wallets, folks! 🕵️‍♀️💰

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2025-02-21 19:19