Bibit sees over $ 4 billion of starting ‘after the biggest hack criptov

The main criptocurrenci Exchange Bibit saw the total outflows of over $ 5.5 billion after she suffered a Near $ 1.5 billion That video hackers believed to be from the Lazarus Group of North Korea, drain her ether’s cold wallet.

The total assets monitored at exchange-related wallets is about $ 16.9 billion at $ 11.2 billion at the time of writing, according to data Defiles. The exchange now wants to understand exactly what happened.

In Session of the KS spaces, the whole of Bibit Ben Zhou discovered that soon after the incident called “all hands on the deck” to serve withdrawing and responding to inquiries about what was happening.

During the session, Zhou revealed that the security of security saw hackers with approximately 70% of their clients, which meant that Bibit needed to secure the loan quickly. Still, Zhou has discovered that ether is not the most amazing token, and most users dragged Stablecoin from the bar.

The exchange, noticed reserves to cover these withdrawals, but the crisis has deepened as, in response to the incident, it moved to temporarily turn off its smart wallet functionality to “ensure absolute confidence in the security of our platform.”

Sigus is a decentralized guardianship protocol that provides smart banknotes for the contract for the management of digital funds. Some exchanges an integrated safe, which allows users to maintain custody of their means and have multilayer functionality to improve their cold wallet security.

Although the exchange reserved reserves for making a user raising, worth $ 3 billion in a safe wallet, which was just turned off until the wallet moved to understand the situation, according to Zhou.

On the social media, he must have said that it was “not” did not find evidence that the official secure was married, “it was temporarily Turning off “certain functionalities” out of caution.

Although Zhou and Bibit team is reducing how to safely pull its billion dollars, raising mounting. Within two hours of security violations, the stock market was faced for moving demands over $ 100,000 from her platform, he discovered Zhou.

Appropriate to the situation, Zhou told his security team to turn on security “to find a better way to draw that money.” The team has completed new software software “Based on Ethercan” to confirm signatures “at a very manual level” to move the stems in the wallet and cover the increase in withdrawal.

The exchange team had to stay all night to be able to fulfill the withdrawal, in accordance with Zhou. As the exchange managed to move $ 3 billion in Stablecoin Reserve, she was faced with a bank that leads “about 50%” of all funds in the stock exchange.

Zhou said that the exchanged was moved from the incident, the exchange was moved by a significant amount of funds from safe cold wallets and is now determining which system uses to replace safely.

Pushing to “return” ethereum was not from the table

From a security violation, Bitibt hired authorities. During the session, Zhou said that the question of “very seriously” in Singapore authorities and believed she had already escalated interpol.

Companies for the analysis of Blokchain, including Charanis, are analyzed. Zhou said, “As long as Bibit is there and continues to follow (stolen ether), I hope we can return these funds.”

He knew that pushing to “return” to Etherum Blocchain, which some industry also proposed to players on social media, including Bitmek co-founder Arthur HaiesIt has been on the table for a while if the community agrees with that.

“I had my team to talk to VitaCom and Etherum Foundation that there are recommendations that I can offer to help with all those guys on Twitter that there is a possibility to return the chain. I’m not sure what the answer to their The side, but everything would help to try, “Zhou said.

When asked if “returns” chain Even possible, Zhou replied that he didn’t know. “I’m not sure it’s a unique decision based on Blocko’s spirit. It should be a job to see what the community wants,” he said.

It is worth noting that blockchain “return” refers to a change of state that would allow for refund. While returning Bitcoin Blickcain is technically possible, such a state change in Ethereum would be more complex, given his smart contractual interactions and state architecture.

However, any change in the state would require consensus and probably lead to the controversial hardship, drawing criticism from the community. That would probably separate Etherum Blockchain in two networks, each with one’s own supporters.

As for what exactly caused the hack to happen, it is still not clear. Per Zhou, Babit’s gearboxes are not compromised. He said that the movements of the transaction signed were examined, but they seemed to be routinely.

“We know that the cause is definitely about a safe cold wallet. Whether it’s a problem with our laptops or safe side, we don’t know.” Zhou added.