Ethereum Heist: Hackers Steal $1.46 Billion

Massive Ethereum Theft from Bybit Exchange

• Hackers stole 401,346 ETH valued at over $1.46 billion.
• The breach involved unauthorized access to a cold wallet.
• The attack was executed by altering smart contract logic via a fake interface.
• Bybit confirmed the security of other wallets and user funds.
• Ethereal market experienced volatility with price fluctuations post-breach.

On February 21, hackers infiltrated Bybit’s cold wallet, extracting over $1.46 billion in Ethereum. The exchange reassures users that other assets remain secure while collaborating with the crypto community for asset recovery and investigation insights.