Bybit exchange hacked, over $1.4 billion in ETH-related tokens drained

Article

Description

Cointelegraph reports that the Singapore‑based exchange Bybit was hacked, with over $1.4 billion in liquid‑staked ETH (stETH) and other ERC‑20 tokens drained from its cold wallet. A masked transaction was used to siphon funds, but CEO Ben Zhou assured the security of other wallets.

Authors

Vince Quill

Publish date

Feb 21, 2025 - 8:40am

Publisher

Cointelegraph

Related projects

Bybit

Web URL

https://cointelegraph.com/news/bybit-exchange-hacked