- Bybit has been hit by a security violation and lost $ 1.4 billion in ETH.
- ZachxBT has linked the attack to the North Korean Lazarus group.
Bybit, one of the leading Cryptocurrency exchanges, had a disastrous hack last Friday, during which about 401,000 ETH worth $ 1.4 billion stole. This has become the largest recorded heist in history.
Ben Zhou, Bybit founder and CEO confirmed that crime happened due to an advanced attack that used a masked user interface and URL. The attacker cheated wallet signals into approving a malicious transaction and gaining control over the exchange Ethics Cold wallet.
Bybit’s security measures and insurance
Bybit immediately identified the unauthorized withdrawal from its ETH -call wallet. Apart from the informed Zhou customers that other cold wallets are safe and that withdrawals services are intact.
The abandoned:
“12 hours from the worst hack in history. All withdrawals have been processed. Our withdrawal system is now completely back at a normal rate, you can take out all the amounts and experience no delays. “
The Dubai-based exchange, which reportedly had total assets worth $ 16 billion, is currently investigating the attack. Zhou promised a full incident report and improved security measures in the coming days.
Investigations and accusations of Lazarus Group
Arkham explained that ZachxBt research Included a thorough examination of test transactions, related wallets used before exploitation, forensic charts and exact time analyzes.
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