Bybit hacked of $1.46B+ Ethereum

[Kenneth]

The Bybit hack is officially the largest crypto heist in HISTORY.

Yesterday, about $1.46B+ of Ethereum was stolen and still counting, that's 16% of ALL previous crypto hacks COMBINED.

The Bybit hacker who's most likely N.K. is now the 14th largest ETH holder in the world

They hold roughly 0.42% of total supply, more than Fidelity, Vitalik, and 2x+ what the Ethereum Foundation holds.

This is crazy times in the cryptocurrency world.

 

[Kennysplash]

I heard the news this morning, really sad. I wonder what will happen to user’s funds?

 

[Donald]

I heard the news this morning, really sad. I wonder what will happen to user’s funds?

Bybit made sure their users funds are safe. They've managed to pull in funds and support from other exchange sites like Binance to buy Ethereum from the market. They didn't touch any assets in their reserve.

 

[Maddox]

This was how those North Korea Hacking Group carried out the hack. I was surprised they were able to fool Bybit's sign in security to bypass it.

 

[Joseph]

Those hackers are set for life. Do you know the worth of $1.46B Ethereum? If I had access to that amount of money, I will disappear permanently.

How they cleaned the money by sending it through multiple wallets is very smart.