The CEO said the specific transaction was masked to appear legitimate but contained malicious source code designed to alter the smart contract logic of the wallet and siphon funds

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Bybit exchange hacked, over $1.4 billion in ETH-related tokens drained

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Bybit CEO confirmed the hack was executed through a masked transaction from its multisignature cold wallet to a warm wallet, with the signing message altered to change the smart contract logic and siphon funds

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Bybit CEO confirmed the hack was executed through a masked transaction from its multisignature cold wallet to a warm wallet, with the signing message altered to change the smart contract logic and siphon funds