After revelation on Friday of the Cryptocurrency Exchange Firm by, which the computer pirates stole digital tokens worth approximately $ 1.5 billion, in what can be the largest attraction of all time, the CEO Ben Zhou wrote in X Sunday that has replaced its reserves. Bybit could do this through a mixture of emergency loans and large deposits.
Zhou told users on Friday that their funds were “safe”, and that the company would reimburse anyone affected. Less than 72 hours later, Zhou said that Bybit had restored the balance of the exchange and maintained the withdrawals of open customers, although it did not take into account the stolen cryptography.
The bybit theft scale exceeds the previous record of a robbery of $ 615 million Ethereum and US Coins. Uu. Of the Ronin Network in 2022.
How this cryptüenza happened
The cryptography was taken during an internal routine transfer of its “cold wallet” of Ethereum, which is a digital wallet that is generally stored offline and is considered safer, according to Zhou. After Bitcoin, Ethereum is the second largest cryptocurrency.
In an earlier note about X, Zhou said the computer pirates had used a “musk transaction”, which is probably a spelling error of the “masked transaction” to deceive the exchange in signing cryptographically a change in the code of the intelligent contract that controls A wallet containing its Ethereum arts.
“Please be sure that all other cold wallets are safe,” Zhou wrote. “All retreats are normal.”
Bybit said the computer pirates exploited the security characteristics and then transferred the money to an unidentified address. After theft, the value of Ethereum fell around 4 percent on Friday, letting $ 2,641.41 per currency.
Suspicious identified
The Lazarus Group, a piracy organization under the General Recognition Office of North Korea, has been identified by Blockchain security experts. Blockchain Zachxbt analyst said he had provided evidence that linked the attack with Lázaro, citing patterns consisting of the recent cyber attacks of North Korea.
North Korea has been accused of multiple cryptocurrency exchanges hacks to steal digital assets, wash funds and use them to finance their nuclear weapons program. In January, the United States, South Korea and Japan issued a joint statement blaming North Korea for approximately $ 660 million in cryptography robberies only in 2024.
Cryptocurrency has become a preferred method for money laundering by criminals to clean its illicit funds.
The famous early bybit investors and 60 million users
Bybit was founded in 2018 and, according to the reports, President Donald Trump and former PayPal Chief, Peter Thiel, among his first investors.
Bybit says it has more than 60 million users worldwide and offers access to several cryptocurrencies.
