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Breaking News | Bybit Has Been Hacked, US$1.4 Billion Ethereum Lost
Bybit, a leading crypto digital asset exchange, has reportedly been hacked, causing losses estimated at US$1.4 billion in Ethereum (ETH), and a number of other tokens, Friday (21/02) local time.
Bybit Chief Executive Officer (CEO) Ben Zhou said that he is currently conducting an internal investigation. The reason is, the transactions that occurred showed an address that came from Safe, a warm wallet.
Over the past hour, hackers have divided the stolen funds, such as 400,000 Ethereum, into dozens of additional wallets, which exchange funds on decentralized exchanges such as Uniswap, Paraswap, and KyberSwap.
Zhou also confirmed that the transfer was made from the exchange's multi-signature wallet to the warm wallet about an hour earlier.
Ben Zhou is currently trying to solve the problem. In fact, he promised that if this case is not solved, Bybit is ready to cover the losses of investors.
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