In the great digital novel of our time, our beloved crypto exchange, Bybit, finds itself in the midst of a chilling drama! The esteemed establishment, known for its transparency and security, has recently suffered a grievous loss, reminiscent of a dagger to the heart!
Our humble tale begins with the unveiling of a suspicious breach in Bybit’s inner sanctum – their multi-signature cold wallet! Yes, dear reader, the very same wallet that was to protect their Ethereum riches has been compromised! A staggering sum of nearly $1.5 billion in crypto has vanished into the digital ether!
The esteemed CEO of Bybit, Ben Zhou, has revealed that the cunning hackers managed to infiltrate the exchange’s fortress and deceive its noble signers. Alas, the unsuspecting signers, believing they were approving a legitimate address, were, in fact, authorizing changes to the smart contract governing Bybit’s Ethereum treasure trove!
The nefarious plot unfolds as the devious hackers withdraw all Ether and Ether derivatives to an unknown digital abyss, leaving behind a trail of confusion and despair! The cunning thieves then began swapping the purloined funds for Ethereum tokens on decentralized exchanges, further obscuring their sinister trail!
But fear not, dear reader! Our intrepid blockchain investigator, ZachXBT, has taken up the chase! With a keen eye for detail and a heart full of justice, ZachXBT has published a list of the scoundrels’ digital hideaways, urging exchanges to blacklist these addresses of ill repute!
Fear not, for the honorable Ben Zhou has assured the public that the breach was contained to Bybit’s Ethereum cold wallet, leaving the other sacred vaults unscathed! Withdrawals, he proclaims, are NORMAL!
And so, our tale continues, as the greatest crypto heist in history unfolds before our very eyes! Will our heroes prevail, or will the cunning hackers escape with their ill-gotten gains? Only time will tell…
Bybit ETH multisig cold wallet just made a transfer to our warm wallet about 1 hr ago. It appears that this specific transaction was musked, all the signers saw the musked UI which showed the correct address and the URL was from
. However the signing message was to change… — Ben Zhou (@benbybit) February 21, 2025
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2025-02-21 19:29