#BybitSecurityBreach

In a significant security breach on February 21, 2025, cryptocurrency exchange Bybit reported the theft of approximately $1.4 billion in crypto assets, primarily involving over 400,000 Ether ($ETH ) tokens. The attackers managed to compromise one of Bybit's Ethereum cold wallets, which are typically considered more secure as they are stored offline. The breach was executed through a sophisticated attack that manipulated the smart contract's signing interface, allowing unauthorized transfers to multiple unidentified addresses.

Information by Chatgpt.

ETH

3,292.93

-0.44%