Etherum Falls as Cripto Exchange Bibit confirms Hack $ 1.4 billion

Coin prices fall on Friday after confirmation that the main centralized crypto stock market was hacked after the hacks were stolen tokens in the amount of $ 1.4 billion.

More than $ 1.4 billion Etherem (ET) and Steth was withdrawn from the Bagati hot wallet on Friday, and a large piece of funds are sold over decentralized exchange.

Full Bibit Co-Founder Ce Ben Zhou confirmed the attack In the post in KS (previously twitter), saying the planned transfer in some way manipulated and that the funds were crowded.

“However, the signing message was to change the logic of the smart contract of our cold wallet,” Zhou said. “(The) Hacker took control of a specific EM cold wallet that we signed and transferred and transferred and transferred ET in a cool wallet to this unidentified address.”

“All other cold wallets are safe. All retreats are normal,” Zhou added.

Etherum is at an hour to end 3% to the current price of $ 2,727 Bitcoin was freezing nearly 1% to $ 98,091.

In front of him, the pseudoniman security researcher was written in his telegram channel that there was a “suspicious outflow” from Bibit and that the Source confirmed him that it was a “security incident”.

Since then, he added that ET was divided between 39 different addresses because the attacker apparently attempts to confuse the flow of funds to make them difficult for tracking.

“Bitibt discovered an unauthorized activity involving one of our elic cold wallets, “stock exchange wrote on x. “The incident happened when our EST multisig cold wallet performed, this transaction manipulated a sophisticated attack, showing the correct address of Smart Contracts, which is the attacker managed to acquire control over the affected EM cool wallet and shift their treads into unidentified address. “

Shortly afterwards, Zhou provided customers and the industry that he would be able to oppose loss.

“Bibit is a solvent even if this loss of hacks don’t recover ” he wrote. “All customer property is supported 1 to 1, we can cover the loss.”

Editor’s note: This story develops and will be updated with additional detail.