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Crypto: Bybit Hack Loses $1.4B

Bybit Exchange Suspected of $1.4 Billion Hack

  • Bybit exchange is suspected to have been hacked for over $1.4 billion.
  • On-chain sleuth ZachXBT reported suspicious ETH outflows from Bybit.
  • Certain addresses were identified as recipients of these ETH outflows.
  • The exchange confirmed unauthorized ETH transfers due to masked UI spoofing accounts.
  • Bybit assured that other wallets remained secure despite the breach.

The Bybit exchange reportedly suffered a hack involving over $1.4 billion in ETH, with suspicious outflows identified by ZachXBT and confirmed unauthorized transfers due to UI spoofing. Other wallets are reported secure by the exchange.

Source (2.6)https://coingape.com/bybit-suspected-to-have-been-hacked-of-over-1-4-billion/?rand=24432
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