In a developing story, the Bybit exchange is suspected to have been hacked for over $1.4 billion. This comes following a report from on-chain sleuth ZachXBT about ETH outflows from the crypto exchange.
Bybit Suspected To Have Suffered Hack Of Over $1.4 Billion
The Bybit exchange looks to have suffered a hack of over $1.4 billion. Onchain sleuth ZachXBT reported suspicious outflows of over $1.4 billion from the top crypto exchange. He also listed certain addresses that were receiving these ETH outflows from the crypto exchange.
Meanwhile, the crypto exchange also reported an unauthorized transfer of ETH from its cold wallets due to masked UI spoofing accounts. However, it assured customers that other wallets remained secure.
The post Breaking: Bybit Suffer Hack Of Over $1.4 Billion In ETH appeared first on CoinGape.
