Crypto exchange Bybit says it was hacked and lost around $1.4 billion


Crypto Exchange Bybit announced On Friday, this “sophisticated attack” led to the theft of the Ethereum (ETH) from one of the outstanding wallet wallets.

Executive director and co-founder Benta Ben Zhou told Live Stream that the hackers stole about 401,346 eth, which at the time of theft is about $ 1.4 billion.

And the Elliptic cryptocurrency company as well as a cryptocurrency explorer ZachxbtThe total amount of the stolen eth is worth about $ 1.4 billion, making the highest known theft of cryptocurrencies in history. The previous largest violations of cryptocurrencies were hacks against Ronin Network and Poli networkresulting in a loss of $ 624 million and $ 611 million, according to Data collected by RectThe site accompanied by Web3 and cryptocurrency.

“In fact, maybe even the biggest single theft of all time,” said Tom Robinson, Elliptic co-founder and the chief scientist, said Techcrony, referring to any theft, not just a breach of data.

Before the Bybit violation, a withdrawal of about one billion dollars from the Central Bank of Iraq is said to be the largest robbery of a bank of all time, according to World Financial News Finance.

Zhou wrote on x That the hacker “took control” of one of the cold wallets of the company, referring to a digital wallet that stores the crypto currency, but is not related to the internet in theory and transferred the funds to the “warm” wallet, which is online.

When he arrived for the comment, a spokesman Beybit, Tony Au, referred to the public posts of Zhou. In one post, Zhou wrote That the company “solvent” and “can cover the loss”, even if it cannot recover the stolen funds.
Bilbit, headquartered in Dubai, United Arab Emirates, has had an estimated total asset of $ 16 billion since last week, According to Coinmarketcap.



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