The post Bybit Hack Live Update : Biggest Crypto Hack, $1.4B ETH Hack appeared first on Coinpedia Fintech News
February 21, 2025 16:25:33 UTC
Bybit Suffers $1.4B ETH Hack
Bybit was hacked for over $1.4 billion following suspicious ETH outflows reported by on-chain sleuth ZachXBT. CEO Ben Zhou confirmed hackers exploited a spoofed UI to alter a cold wallet’s smart contract logic, transferring all ETH to an unknown address. The exchange remains solvent and seeks help tracking the funds.
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