Bybit Crypto Exchange suffers from a “advanced attack” on one of its cold governor Ethereum, the property of the wallet was transferred to an “anonymous address” [Updated]

This is not an investment advice. The author has no position in any of the mentioned shares. WcCftech.com The policy of detection and ethics.

In some way, it is likely to end as one of the largest encoding breakthroughs in the past few months, the Crypto Bybit exchange has lost control of one of its cold governors, which led to the theft of the portfolio content.

Bybit has discovered an unauthorized activity that includes one of our cold governor in ETH. The accident occurred when the Eth Multisig Cold carried out to our warm wallet. Unfortunately, this deal was manipulated by an advanced attack that hidden the signature …

– Bybit (bebit_official) February 21, 2025

To intelligence, according to the BYBIT announcement via the X Publishing, the encryption exchange suffered from a “advanced attack” where the attackers managed to hide the signature interface to the cold ethereum portfolio in Ethereum at the same time the hot exchange of exchange. The mask allowed the attackers to show “the correct address with a change in the logic of the basic smart contract.”

For those who may not be aware, the cold wallet is usually the safest way to store encrypted currencies where the special authentication keys of that wallet are stored on a device that is still cut off from the Internet.

However, in this case, infiltrators were able to target the wallet at a time when the transportation occurred, while manipulating the logic of the smart nodes to convert the coins to its specific wallet. According to reports that are flowing, the stock exchange appears to have lost The ether coins are liquid and METH (METH) worth about $ 1.4 billion.

Lazaros Group: North Korean infiltrators behind $ 1.5 billion theft of encryption

👇1-11) North Korean infiltrators stand behind most of the encryption attacks, where they published specialized teams that focus exclusively on a single exchange or encryption service provider. the @bitbit_official Verification of penetration, … pic.twitter.com/sujlnjag54

– 10x Search (@10x_research) February 21, 2025

The North Korean Lazaros collection is likely to be behind the attack on Beit.

Bybit also seeks to obtain specialized individuals who can help track its stolen assets:

“Our security team, along with the prominent forensic experts and partners of Blockchain, is actively achieving the accident. Any experience in Blockchain analyzes and the restoration of boxes that can help track these assets are welcome to cooperate with us.”

It is important, by prieit claims that “all customer boxes are safe, and our operations continue as usual without any disturbance.”

Today’s development comes at a time when it lost huge encryption platforms $ 2.2 billion In the funds in the fiscal year 2024 for the infiltrators, according to the analysis conducted by the series. The report continued note:

“The main special settlements are in the largest stolen coding in 2024, by 43.8 %.”

Of course, these attacks are one of the biggest obstacles to the broader adoption of cryptocurrencies such as Bitcoin and Ethereum.