logo
welcome
CoinGape

CoinGape

Business

Business & Economics

Bybit exchange suspected to have been hacked for over $1.4 billion

CoinGape
Summary
Nutrition label

52% Informative

Onchain sleuth ZachXBT reported suspicious outflows of over $1.4 billion from the top crypto exchange.

Bybit CEO Ben Zhou confirmed that the hacker took control of the ETH cold wallet through a musked transaction.

Meanwhile, the crypto exchange also reported an unauthorized transfer of ETH from its cold wallets due to masked UI spoofing accounts.

Zhou assured that all other cold wallets are secure.

VR Score

25

Informative language

12

Neutral language

46

Article tone

formal

Language

English

Language complexity

37

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links