Bybit digital currency exchange hacked for $1.4 billion. Learn about the impact and security measures. Stay informed!
Digital currency exchange Bybit has been targeted in an unprecedented incident of a massive hack resulting in the withdrawal of over $1.4 billion worth of Ethereum (ETH). The incident was first reported by analyst ZachXBT, who identified suspicious outflows from the exchange’s wallets. Bybit has confirmed the event, stating that unauthorized Ethereum movements from its cold wallets occurred due to a UI spoofing attack. However, exchange officials have assured users that other wallets and customer assets are secure. This incident is considered one of the largest thefts in the history of digital currencies and could have significant impacts on the digital currency market.
