Cryptocurrency Exchange Bybit has experienced a value of $ 1.46 billion in “suspicious exits,” according to Blockchain Sleuth Zachxbt.
The wallet in question seems to have sent 401,346 ETH ($ 1.1 billion), as well as several other iterations of staked ether (Steth) to a fresh wallet, which is now liquidating methamphetamine and steth in decentralized exchanges, shows Etherscan. The wallet has sold around $ 200 million in Steth so far.
The CEO of Bybit, Ben Zhou, wrote in X that a hacker “took control of the specific ETH eth eth whale and transferred the entire ETH in the cold wallet to this unidentified address.”
“Please be sure that all other cold wallets are safe. All retreats are normal,” he added.
“My sources confirm that it is a security incident,” Zachxbt added in Telegram.
$ 1.46 billion would be equivalent to the largest cryptocurrency trick of all time in terms of dollars, with $ 470 million lost in the MT Gox hack, $ 530 million in the 2018 Coincheck Hack and $ 650 million in the Ronin bridge exploit .
BTC and ETH fell more than 1.5% and 2%, respectively, after transfers.
Update (15:44 UTC, February 21): Add an appointment of the Bybit CEO and the details of historical cryptography hacks.
