Well, well, well! On a Friday night that was supposed to be filled with Netflix and nachos, social media exploded with the news that Bybit, the cryptocurrency exchange that’s as popular as a cat video, might have been hacked! And guess what? They allegedly lost a whopping $1.4 billion! That’s right, folks, billion with a “B”! 💰
As the news spread faster than a rumor at a family reunion, investors started to panic like they just saw a spider in the bathroom. Some social media warriors claimed that hackers had drained Bybit’s vaults like a kid with a candy jar. So, The Crypto Times decided to put on their detective hats and check the facts. 🕵️♂️
On X (formerly known as Twitter, because why not?), the blockchain security firm Cyvers Alerts raised the alarm, pointing out some suspicious activity. They estimated that a staggering $1.5 billion was involved in these shady transactions. Arkham Intelligence chimed in, confirming that $1.4 billion in ETH and stETH had been whisked away from Bybit. And just like that, $200 million in stETH was already sold! Talk about a fire sale! 🔥
Now, the hacker’s address is as mysterious as a magician’s trick: “0x47666..”. And guess what? They’ve already moved $1 billion (that’s 400K ETH for those keeping score) to new wallets. It’s like a game of hot potato, but with a lot more zeros! 🥔💸
Bybit’s CEO, Ben Zhou, confirmed the breach on X, stating that around $1.4 billion in Ethereum was taken from one of their cold wallets. Cold wallets? More like cold feet! ❄️
Despite the chaos, Zhou reassured everyone that Bybit is still standing tall and that all client assets are backed 1:1. So, don’t worry, folks! Your money is safer than a cat in a sunbeam! 😺☀️
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2025-02-21 20:38