The Bybit Cryptocurrency platform was the victim of a historical hack, led to a flight of $ 1.46 billion in Ethereum, which was awarded to the Lazarus group. His CEO wanted to calm future solvency.
It’s a black Friday for the platform of the cryptocurrency of Bybity. In a press release published on X (Ex-Twitter) 21st February announced that she had been the victim of a hack described as ” sophisticated attack After focusing on one of his cold wallets – he shared several people. The pirate was able to take control of the means. We are talking about a flight of $ 1.46 billion in Ethereum.
However, the cold wallet should provide maximum protection because it is a physical device for storing cryptocurrencies. It is the equivalent of the ultra -safety to be protected from hackers (because never connected to the Internet). The targeted cold wallet includes a multiple signature protocol as a bonus that includes several approval to verify the transaction (at least two).
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By @0xcygaar, ” Hackers were able to attack each user’s device so that the interface with more signatures shows something other than what was signed (…). I don’t know how they know users, but this type of attack has been used in the past. It requires every signator to know and the address is to install malware and threaten their interface with more signing. »»
” Hacker did not break the code. Broke people “It denotes an expert @gauthamzzz, who uses the word“ scary ”to describe this attack.
Avoiding a goal to a goal to be calming for the rest of the operations
Despite the scope of the flight, the bybit was quite reassuring in its communication. ” We would like to provide our users and partners that other cold wallets in ByBit are completely safe. All customers’ resources are safe and our activities continue as usual, without interruption. The co -founder and CEO of Ben Zhou quickly spoke during the live broadcast to show that his business was not hidden in the face of this big problem, while users carry out mass selections (more than 350,000 in a few hours).
On X, February 22, he said: “ Twelve hours from the worst hack in history. All selections were made. Our collection system now works at normal speed (…). Thank you for your patience and apologize for the inconvenience caused. It promises overall transparency in the rest of the investigation. ” Hot wallet bybity, warm wallet and all other cold wallets are not affected. The only cold wallet that has been attacked is et Heur He commented quickly.
Ben finally claimed that the solvency was not in danger, even after the payment of all affected people – ” Bybit is a solvent, although the losses associated with this hack are not obtained, all customers are supported in 1 x 1, we can earn this loss. It remains to measure the impact on the platform image when it has just been removed from the black AMF list (Authorite des Marchés Financers).
Who is the author of this unprecedented attack? According to the alert @zachxbt it is the Lazarus group, which is associated with North Korea. In 2024, this powerful team of hackers was a source of a devastating attack on the Japanese platform.
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(Tagstotranslate) bybit