The CEO confirms that bybit loses $ 1.5 billion in penetration, but it can cover the loss,

Cryptocurrency Exchange bybit has seen $ 1.46 billion in “suspicious external flows”, according to Blockchain Sleute Zachxbt.

It seems that the concerned portfolio has sent 401,346 ETH ($ 1.1 billion) in addition to many other ether repetitions (STTH) to a new portfolio, which is now filtering the metoor and skipping decentralized stock exchanges, explains ETHERSCAN. The wallet has sold about $ 200 million from Steth so far.

Ben Zhou CEO Ben Zhou wrote that one of the infiltrators “dominated the specific ETH Cold portfolio and moved all ETH in the cold wallet to this unspecified address.”

“Please reassure that all other cold wallets are safe. All withdrawals are normal,” he added.

“My sources confirm that it is a security incident,” Zakist added on a telegram.

$ 1.46 billion will be equal to the largest penetration of an encrypted currency ever in dollars, with a loss of $ 470 million in MT Gox Hack, $ 530 million in Coincheck penetration for the year 2018, and $ 650 million in the exploitation of Ronin Bridge.

BTC and ETH decreased more than 1.5 % and 2 %, respectively, after transfers.

Update (15:44 UTC, February 21): It adds a quote from the CEO of bybit and details about historical encryption breakthroughs.