Bybit Exchange Hacked for $1.4 Billion
This is a news story, published by CoinGape, that relates primarily to Ben Zhou news.
Ben Zhou news
For more Ben Zhou news, you can click here:
more Ben Zhou newscrypto trading & speculation news
For more crypto trading & speculation news, you can click here:
more crypto trading & speculation newsCoinGape news
For more news from CoinGape, you can click here:
more news from CoinGapeAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like crypto trading & speculation news, you might also like this article about
Bybit exchange. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest other cold wallets news, cold wallets news, crypto trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
hack incidentCoinGape
•Business
Business & Economics
Bybit exchange suspected to have been hacked for over $1.4 billion

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
External references
3
Source diversity
3
Affiliate links
no affiliate links