Bybit released an audit on the $1.5 billion hack

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In February 2025, Bybit, a prominent cryptocurrency exchange based in Dubai, experienced a significant security breach resulting in the theft of approximately $1.5 billion in digital assets.

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A forensic review conducted by Sygnia and Verichains revealed on Feb. 26 that “the credentials of a Safe developer were compromised [...] which allowed the attacker to gain unauthorized access to the Safe(Wallet) infrastructure and totally deceive signers into approving a malicious transaction.”

On Feb. 26, Bybit confirmed that forensic reviews conducted by Sygnia and Verichains revealed that “the credentials of a Safe developer were compromised [...] which allowed the attacker to gain unauthorized access to the Safe(Wallet) infrastructure and totally deceive signers into approving a malicious transaction.”

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