{"id":151402,"date":"2025-02-21T18:02:29","date_gmt":"2025-02-21T16:02:29","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=151402"},"modified":"2025-02-21T19:25:55","modified_gmt":"2025-02-21T17:25:55","slug":"breaking-bybit-reportedly-hacked-as-over-1-4b-in-crypto-drained","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/breaking-bybit-reportedly-hacked-as-over-1-4b-in-crypto-drained\/","title":{"rendered":"BREAKING: Bybit Reportedly Hacked as Over $1.4B in Crypto Drained"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">The incident was first brought to light by blockchain investigator ZachXBT, who revealed that large amounts of ETH, stETH, cmETH, and mETH have been moved out of Bybit wallets.<\/p>\n<p data-pm-slice=\"1 1 []\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GkUqS3xXMAAJxcJ?format=jpg&amp;name=large\" alt=\"Image\"><\/p>\n<p>According to the findings, the attackers altered the smart contract logic, allowing them to gain unauthorized control and siphon off more than $1 billion in funds. The stolen assets are reportedly being swapped for ETH as the hacker seeks to launder the funds.<\/p>\n<p>While Bybit has yet to issue an official statement regarding the breach, the scale of the outflow has raised significant concerns across the crypto community. Security experts are monitoring the hacker\u2019s transactions as efforts to track and potentially recover the stolen funds continue.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-151334\" href=\"https:\/\/cryptodnes.bg\/en\/coinbase-ceo-announces-sec-case-dismissal-calls-it-a-win-for-crypto-industry\/\" title=\"Coinbase CEO Announces SEC Case Dismissal, Calls It a Win for Crypto Industry\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/02\/coinbase-sec00014-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Coinbase CEO Announces SEC Case Dismissal, Calls It a Win for Crypto Industry<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The breach adds to the growing list of security incidents affecting centralized crypto platforms, once again highlighting the risks associated with asset storage on exchanges. As investigations unfold, users are advised to exercise caution and review their security practices to safeguard their holdings.<\/p>\n<p>Ben Zhou, ByBit\u2019s CEO, also confirmed the security breach in a X livestream.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bybit, one of the leading cryptocurrency exchanges, has reportedly suffered a major security breach, with over $1.4 billion worth of digital assets drained from the platform.<\/p>\n","protected":false},"author":3,"featured_media":132551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[424],"coin_category":[],"class_list":["post-151402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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