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Bybit CEO Confirms Exchange Was Hacked for $1.46B, Says His Firm Can Cover The Loss
Friday February 21, 2025. 05:45 PM , from Slashdot
Cryptocurrency exchange Bybit has experienced $1.46 billion worth of 'suspicious outflows,' according to blockchain sleuth ZachXBT. From a report: The wallet in question appears to have sent 401,346 ETH ($1.1 billion) as well as several other iterations of staked ether (stETH) to a fresh wallet, which is now liquidating mETH and stETH on decentralized exchanges, etherscan shows. The wallet has sold around $200 million worth of stETH so far. Bybit CEO Ben Zhou wrote on X that a hacker 'took control of the specific ETH cold wallet and transferred all the ETH in the cold wallet to this unidentified address.'
Read more of this story at Slashdot.
https://it.slashdot.org/story/25/02/21/1630207/bybit-ceo-confirms-exchange-was-hacked-for-146b-says-...
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