ByBit Crypto Exchange Suffers A “Sophisticated Attack” On One Of Its Ethereum Cold Wallets, The Wallet’s Holdings Were Transferred To An “Unidentified Address” ...Middle East

In what is likely to end up as one of the biggest crypto-related hacks of the past few months, ByBit crypto exchange has lost control over one of its Ethereum cold wallets, resulting in the outright theft of the wallet's content. 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… — Bybit (@Bybit_Official) February 21, 2025 To wit, as per ByBit's declaration via an X post, the crypto exchange […]

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