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Bybit Hack Live Update : Biggest Crypto Hack, $1.4B ETH Hack
- Tron founder Justin Sun stated that he and his team are closely monitoring the Bybit incident following the hack. He assured that Tron will offer full support to its partners in tracking the misappropriated funds, pledging to leverage all available resources to assist in the investigation and fund recovery efforts.
- Bybit is experiencing significant outflows, with over $1.4B in ETH and stETH leaving the platform. The funds are rapidly being transferred to new addresses where they are actively being sold, including $200M in stETH already offloaded. Notably, activity has been detected from address 0x47666Fab8bd0Ac7003bce3f5C3585383F09486E2.
- Bybit detected unauthorized activity in an ETH multisig cold wallet transferring funds to a warm wallet after hackers manipulated the signing interface and altered smart contract logic. The security team and blockchain forensic experts are investigating. All other cold wallets remain secure, ensuring client funds and overall operations are unaffected.
- According to Crypto Rover, a rapid outflow exceeding $1.46 billion from Bybit has raised alarms over a potential security breach. The incident could disrupt trading and shake investor confidence. Traders are advised to closely monitor emerging developments for further impact.
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