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Prmagazine > News > News > Crypto exchange Bybit says it was hacked and lost around $1.4B | TechCrunch
Crypto exchange Bybit says it was hacked and lost around .4B | TechCrunch

Crypto exchange Bybit says it was hacked and lost around $1.4B | TechCrunch

Encryption exchange bybit Announce On Friday, “a complex attack” led to one of the company’s offline wallets stealing Ethereum (ETH).

Bybit CEO and co-founder Ben Zhou said in a live broadcast that hackers stole about 401,346 of ETH, and the issue was about $1.4 billion when theft was about $1.4 billion.

Encryption security company elliptical machines, and encryption security researchers zachxbtthe total number of stolen ETH was about $1.4 billion, making it the largest known theft in history. Previous highest encryption violations targeted hackers Luoning Network and Multi-networkAccording to this, this resulted in losses of $624 million and $6.11 billion. Data collected by REKTa website that tracks Web3 and cryptocurrency violations.

“In fact, it might even be the biggest theft ever,” Elliptic co-founder and chief scientist Tom Robinson told TechCrunch, referring to any theft, not just a data breach.

According to Financial News Website World Finance.

week Written on X Hackers “control” one of the company’s cold wallets, referring to digital wallets that store cryptocurrencies, but theoretically not connected to the internet and transfer funds to “warm” wallets online.

In comment, Bybit spokesman Tony Au mentioned Zhou’s public post. In one post, Write The company is a “solvent” that can make up for losses even if the stolen funds cannot be recovered.

Bybit, based in Dubai, the United Arab Emirates, estimated total assets of $16 billion as of last week. According to CoinMarketCap.

From all perspectives in 2024, the total number of cryptocurrencies stolen by hackers is about $2.2 billion. Analysis of enterprise chain tracking based on blockchain. And, in 2023, there will be approximately $2 billion Based on multiple estimates.

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