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Cryptocurrency exchange Bybit has confirmed a record-breaking theft of approximately $1.46 billion in digital assets from one of its offline Ethereum wallets. The attack, which occurred on Friday, is believed to be the largest crypto heist on record. Bybit disclosed that a highly sophisticated attack resulted in the theft of more than Rs 11,972 crores in digital assets.

The theft targeted an Ethereum cold wallet, involving a manipulation of a transaction from the cold wallet to a warm wallet. This allowed the attacker to gain control and transfer the funds to an unidentified address. The incident highlights the rising trend of cryptocurrency heists, driven by the allure of profits and challenges in tracing such crimes.

ImgSrc: cryptoslate.com

References:

• www.techmeme.com - ZachXBT: crypto exchange Bybit has experienced $1.46B worth of "suspicious outflows"; Bybit CEO confirms hacker took control of cold ETH wallet - 1d
• CryptoSlate - The crypto exchange ByBit has been hacked, and roughly $1.5 billion in Ethereum (ETH) has been stolen — making this one of the biggest hacks in history. - 1d
• @lorenzofb - NEW: Crypto exchange Bybit said it was hacked and suffered a loss of around $1.4 billion (~401,346 ETH) at the time of the hack. - 1d
• PCMag UK security - The Bybit exchange lost 400,000 in ETH, or about $1.4 billion, before the price began to slide, making it the biggest crypto-related hack in history. - 1d
• techcrunch.com - TechCrunch reports on the Bybit hack, disclosing a loss of approximately $1.4 billion in Ethereum. - 1d
• ciso2ciso.com - In a major cybersecurity incident, Bybit, the world’s 2nd-largest crypto exchange suffered a $1.4 billion ETH hack from a cold wallet breach. - 1d
• CISO2CISO.COM & CYBER SECURITY GROUP - Bybit Hack: $1.4B Stolen from World’s 2nd Largest Crypto Exchange – Source:hackread.com - 1d
• cryptoslate.com - ByBit suffers $1.5 billion Ethereum heist in cold wallet breach - 1d
• www.coindesk.com - Bybit experiences USD1.46B in suspicious outflows - 1d
• @BleepingComputer - Cryptocurrency exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets. - 1d
• The Cryptonomist - 3 Best Bybit Alternatives As Top CEX Is Hacked - 1d
• Gulf Business - ‘Worst hack in history’: Dubai crypto exchange Bybit suffers $1.5bn ether heist - 1d
• @youranonriots - Cryptocurrency exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets. - 23h
• www.bleepingcomputer.com - Hacker steals record $1.46 billion in ETH from Bybit cold wallet - 23h
• Techmeme - Bybit Loses $1.5B in Hack but Can Cover Loss, CEO Confirms (Oliver Knight/CoinDesk) - 22h
• Report Boom - Report on the Bybit crypto heist, detailing the incident and security recommendations. - 21h
• The Hacker News - Report on the Bybit hack, highlighting the scale of the theft and its implications. - 21h
• reportboom.com - Reportboom article about Bybit's $1.46B Crypto Heist. - 19h
• Onlineportal von IT Management - Bybit hacked: record theft of 1.5 billion US dollars - 17h
• Protos - News about the Bybit cryptocurrency exchange being hacked for over \$1.4 billion. - 15h
• The420.in - On Friday, cryptocurrency exchange Bybit disclosed that a highly sophisticated attack resulted in the theft of more than Rs 11,972 crores in digital assets from one of its offline Ethereum walletsâ� - 15h
• TechSpot - Article covering the details of the Bybit hack and the amount stolen. - 15h
• Talkback Resources - Crypto exchange Bybit was targeted in a $1.46 billion theft by the Lazarus Group, highlighting the rising trend of cryptocurrency heists driven by the allure of profits and challenges in tracing such - 13h
• www.bleepingcomputer.com - Cryptocurrency exchange Bybit revealed today that an unknown attacker stole over $1.46 billion worth of cryptocurrency from one of its ETH cold wallets. - 10h
• www.the420.in - On Friday, cryptocurrency exchange Bybit disclosed that a highly sophisticated attack resulted in the theft of more than Rs 11,972 crores in digital assets from one of its offline Ethereum walletsâ� - 10h
• www.cnbc.com - This report discusses the Bybit hack, detailing the amount stolen and the potential impact on the crypto market. - 10h
• www.engadget.com - This news piece reports on the massive crypto heist from Bybit, highlighting the scale of the incident and the impact on the crypto market. - 10h
• @Techmeme - Arkham says ZachXBT submitted proof that North Korea's Lazarus Group is behind Bybit's $1.5B hack, which is the largest single theft in crypto history - 8h
• @briankrebs - Infosec exchange post describing Bybit breach. - 6h
• Talkback Resources - Bybit cryptocurrency exchange suffered a cyberattack resulting in the theft of $1.5 billion worth of digital currency, including over 400,000 ETH and stETH, with potential vulnerabilities in the Safe. - 6h
• Security Affairs - SecurityAffairs reports Lazarus APT stole $1.5B from Bybit, it is the largest cryptocurrency heist ever. - 4h
• gulfbusiness.com - ‘Worst hack in history’: Dubai crypto exchange Bybit suffers $1.5bn ether heist - 3h

Classification:

• HashTags: cryptocurrency LazarusGroup
• Company: Bybit
• Target: Bybit
• Attacker: Lazarus Group
• Product: Ethereum
• Feature: Offline ETH wallet
• Type: Crypto
• Severity: Disaster