Bibit Eth Cold Female has exploited for $ 1.46B

Bibit confirmed that a multi-sig cold wallet was violated, only a few hours after Crypto Exchange increased access to liquidation data for transparency.

All Bibit Ben Zhou listed If hackers infiltrated the exchange (El) Multi-signature of a cold wallet, almost $ 1.5 billion in the cript drain. The violation is first marked by the famous Sleuth ZachXBT, which warned the public according to suspicious retreating from Bibit.

Companies use multi-signer to alleviate individual points of failure, as multiple sides must approve the transaction. If one signatory is endangered, others may refuse to authorize the transfer of the Fund. However, in this case, hackers managed to deceive all signals.

According to Zhou, the attackers masked the transaction to mislead the signatory of the wallet. While the team believed that they approve their legitimate address, they are unconsciously authorized changes in the smart contract management of the Bibitim Ekit Cold Wash.

This allowed hackers to withdraw all the ether and ether derivatives from Bibit’s wallet to an unknown address. The perpetrators then began to replace stolen funds for Etherum Tokens on decentralized exchange, Zachkbt was reported.

The Zachkbt also noticed that hackers have shared stolen property on multiple follow-up addresses. An investigator BlocCchain has published a list of these addresses on its official telegram channelquoting an exchange in a blacklist.

Meanwhile, Zhou has provided users that the violation is isolated in Bibit’s Etherum Cold Novter.

“Please make sure everyone else’s cold wallets are sure. All retreats are normal,” Zhou added.

Attack 21. February may be the greatest ever to exploit on one crypto exchange. To 1.46 billion dollars, the amount of stolen accounts for more than 50% of the total crypto value siphoned in 2024. Years.

This is the story of development.