Bitibt confirms record breaking 1.46 billion dollars crypto in a sophisticated cold wallet attack

22. February 2025Ravie LakshmanaanFinancial crime / cryptocurrency

The Criptocurrenci Stock Exchange Bibit revealed that the “sophisticated” attack brought to the steal cryptocurrent stand of 1.46 billion dollars from one cold wallet (offline), which makes it the biggest single crypt in history.

“The incident occurred when our EST multisig cold wallet executed Transfer to our warm wallet. Unfortunately, this transaction is manipulated with a sophisticated attack that masked the signing interface, shows the correct address while changing the basic logic of the smart contract, “BITIBIT said In the post to X.

“As a result, the attacker could gain control over the affected EM cool wallet and transfer his tread to an unidentified address.”

In a separate statement published on the social media platform, BIBB CEO Ben Zhou accentuated that all other cold wallets are safe. The company further said This was reported by the appropriate authorities.

Although there is still no official certificate from the bargain, Elliptical and Arkham Intelligence He confirmed that the digital stealing was the work of the infamous Lazar Group. The incident makes it the largest ever cryptocurnancy cryped to this day, dwarf that of Ronin Network ($ 624 million), Police network ($ 611 million) and BNB Bridge ($ 586 million).

Independent researcher Zachkbt They said they “connected a bag of chain Phemek Hack“Together took place late last month.

North Korea-based threat actor is one of the most festivious groups of hacking, orchestrating tens Cryptocurrencinenci Heists In order to create an illegal income for the sanction benefit benefits. Last year, Google described North Korea as “in the exact world leading cyber criminal endeavor”.

2024. Years estimated To steal 1.34 billion dollars in 47 cryptocurnent hacks, which represent 61% of all malicious crypto in the period, in accordance with Chablachin intelligence.

“Criptocurrencinenci on the rise for the nature of their prizes, challenges related to credited actors and opportunities that followed live with cryptocurious and Web3 technologies among many organizations,” Mandiantence “in Google” said Last month.