Hackers stole 1.3 billion from Bybit’s crypto wallet
Bybit was the victim of one of the biggest thefts in crypto history. Hackers stole 1.3 billion euros from the cold wallet by creating a fake interface of the hot wallet to which the executives were transferring the passwords
The attack perpetrated on the Bybit crypto exchange platform recently left a balance of 1.3 billion euros in the hands of hackers.
The theft, considered one of the largest in the history of cryptocurrencies, was executed by cybercriminals at the time when the executives were transferring the passwords from the cold wallet to a hot wallet connected to the Internet.
Cold wallets are among the safest. The theft was unthinkable. However, the hackers managed to steal the €1.3 billion with a clever move. They created a fake interface to impersonate the real wallet management platform used by Bybit.
The company has pointed out: “This fake website had verified addresses and URLs, which made no one suspicious. When everyone who had to sign the transaction did so, the hackers diverted the funds to an unknown location.”
Initial investigations point to the North Korean group Lazarus, which, according to Chainalysis, “has been responsible for approximately 35 % of all stolen funds in 2024, with a total of $800 million in cryptocurrencies stolen in macro operations.”
M.Pino
Source: computerhoy
(Reference image source: FlyD on Unsplash)
Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on X/Twitter and Instagram
