Bybit Confirms Record-Breaking $1.5 Billion Crypto Heist in Sophisticated Cold Wallet Attack
The greatest cryptocurrency heist in history occurred on Friday when cryptocurrency exchange Bybit disclosed that a "sophisticated" attack had stolen more than $1.5 billion worth of bitcoin from one of its Ethereum cold (offline) wallets.
The event happened as a result of a transfer from our ETH multisig cold wallet to our warm wallet. "Unfortunately, this transaction was manipulated through a sophisticated attack that changed the underlying smart contract logic while masking the signing interface and displaying the correct address," Bybit stated in a post on X.
Consequently, the attacker managed to take over the compromised Ethereum cold wallet and move its contents to an unspecified address read more about Bybit Confirms Record-Breaking $1.5 Billion Crypto Heist in Sophisticated C...