Crypto exchange Bybit confirms hack as over $1.4 billion worth of ETH leaves wallets

  • Article

Name

Crypto exchange Bybit confirms hack as over $1.4 billion worth of ETH leaves wallets

Description

CoinDesk details the confirmation of the hack by Bybit’s CEO, Ben Zhou, who explained that a malicious transaction, using a “masked” URL to alter smart contract logic, resulted in the loss of over $1.4 billion in ETH and related tokens. The article reassure that other wallets remain secure.

Publish date

7:54am, Friday, February 21, 2025