Bybit Crypto Exchange suffers from the largest penetration of more than one billion dollars – Ledger visions

CEO of Cryptocurrency Exchange Pipefor Ben Chu, X confirmed that the company was hacked. Two hours ago, X account for Pisces alert The most prominent transfer of more than 401,000 ETHs at a value of $ 1.1 billion. Infiltrator money transfer To the address of a new wallet, but since then the money is transferred to more than 40 other portfolios.

Mr. Zhou said only one cold wallet of ETH was hacked, that all other wallets are intact and that withdrawals continue as usual. The implicit meaning is that bybit has more than a billion dollars in stocks. He continued by saying, “Bybit is the solvent even if this penetration loss is not recovered, all customer assets are supported from 1 to 1, we can cover the loss.”

The former CEO of Binance Changpeng Zhao (CZ) converts to the exchange of withdrawals to stop temporarily as a preventive measure.

Although the infiltrator may have successfully drained the wallet, it remains to see whether they could do a lot with the money.

Given that Blockchains in general, ETHERSCAN, the famous explorer, distinguished the headlines of the wallet as a “BIP”. Transport operations were outside the address of the initial exploiter in the ETH units of $ 10,000 or 27 million dollars, with a sign of each new wallet address as well.

Regardless of the first wallet that was discharged, most of the events were in two wallets (1 2), With the vast majority of funds still sitting in ETH 10,000 quantities in 45 wallets. This is a total of about 450,000 ETH, which means that the penetration was closer to $ 1.2 billion. Others linked the number at $ 1.4 billion. However, CEO confirmed that ETH is 401,000 or about $ 1.1 billion.

What happened?

CEO Ben Chu A Live broadcast on x To explain what happened. He said that the company was transporting a routine between its cold wallet in ETH and a hot wallet, which is something that it does when the balance in the hot portfolio reaches a certain level. Safe.global Multi-SugF-Swits is used for cold storage, and the last to sign this particular deal.

The link has been examined is the main safe website, and it is one of their safety protocols. The wallet address has also been checked. The initial deal was ETH 30,000, but there are many of them to reach ETH 401,000.

The cold ethereum wallet was hacked only and said that the BYBIT Treasury can cover the loss. Total BYBIT assets under management more than $ 20 billion.

More safe transfers will not be made to confirm the exact cause. Safe also stops next to her, just in condition. The CEO offered a few possible reasons, but he warned that they have not yet known. Either all the signer computers were hacked so that the safe website was fake, or a secure was hacked in one way or another. He did not say that this is the case, as investigations continued.

There were huge withdrawal requests (approximately 100x normal), which were processed, with 70 % of them. Some of the larger clouds should go through compliance. The goal is to address all withdrawals within a few hours. Customer support also contains a few accumulated work due to the increase in sizes, but they are attached to the knees, and all employees are connected to the Internet.

Since the penetration was from the ethereum wallet, it is not possible to withdraw eth at the present time. However, Bybit gets a bridge loan from partners to meet ETHEREUM withdrawals specifically. The company says it has a lot of money, not only in ETH.