menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

ByBit Lost...
source image

Cryptopotato

1M

read

180

img
dot

Image Credit: Cryptopotato

ByBit Lost 70% Of Ethereum Holdings To Hacker, Says CEO

  • Bybit, a crypto exchange, lost around seventy percent of its customers' ETH holdings in a $1.5 billion hack.
  • Hackers tricked the key holders of Bybit's cold wallet into signing a malicious transaction, allowing them to steal over 400,000 Ether.
  • The hack was allegedly carried out by the North Korean 'Lazarus Group', a notorious hacking group.
  • Despite the loss, Bybit assured that all client losses are covered, and the exchange is securing a bridge loan to support liquidity.

Read Full Article

like

10 Likes

For uninterrupted reading, download the app