Holders drain $ 1.4 billion in the cryptocurrency from the Bybit Stock Exchange, the CEO asserts

Ethereum Cryptocurrency Exchange was hacked by more than $ 1.4 billion from ETHEREUM on Friday, while cyber security experts call it the largest theft targeting an encrypted currency platform.

The Dubai-based company said that the accident occurred when the company was transporting the money from a “cold” portfolio-a wallet whose special keys are kept without contact with security reasons-to a “warm” portfolio via the Internet.

Unfortunately, this transaction was manipulated through an advanced attack that provoked the signing interface, and presented the correct address with changing the logic of the basic smart contract, “the company.” He said In a post on X.

The encryption investigator was widely known as Zachxbt on his Telegram page after 10 am EST time he had noticed suspicious BYBIT flows of more than $ 1.46 billion. A later post said that the attacker had divided more than 20,000 ETH coins to 48 titles.

in Live broadcast To treat the accident on Friday, Ben Zhou CEO of Ben Zhou confirmed that 401,000 ETH currencies were stolen. The clients assured that the other governor was not affected and said that the exchange has enough liquidity to honor the withdrawals and survival in the accident.

He said early in the afternoon: “We have witnessed huge clouds for the past two hours, and we have now had 10 minutes ago 4000 spoons.” “Bybit is one to one backed … this means that all the money is in the wallet.”

Zhou speculated that the source of the settlement could have been a safe wallet provider, which is used by bybit for the cold ethereum wallet.

“It may be a safe servant that has been hacked, but we do not know,” he said, adding that bybit is working with Safe to investigate the accident.

In a post on social media, safe books: “We did not find evidence that the official safe facade was at risk. However, out of caution, Safewallet temporarily stops some jobs.”

Before penetration, according to what was reported, BYBIT had backup assets of more than $ 16 billion. Zhou claimed that the company has already obtained bridge loans to cover 80 % of the stolen ETH.

BYBIT is likely to decrease as one of the most important of which is a long history of prominent robbery. Defi platforms Ronin Network and Poly Each of them lost more than $ 600 million in breakthroughs.

The Lazaros group in North Korea was The most abundant The perpetrator of robber robots, transformed huge amounts of money into Pyongyang’s cabinets. Blockchain Chainalysis said that the coded currency of $ 2.2 billion was stolen through breakthroughs last year.

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